The UK Government has announced that the North Wales Regional Investment plan for the Shared Prosperity Fund has been approved, with Denbighshire set to receive £25,647,958.
The Shared Prosperity Fund will support the UK Government’s wider commitment to level up all parts of the UK by delivering on each of the levelling up objectives:
· Boost productivity, pay, jobs and living standards, especially in those places where they are lagging.
· Spread opportunities and improve public services, especially in those places where they are weakest.
· Restore a sense of community, local pride and belonging, especially in those places where they have been lost.
· Empower local leaders and communities, especially in those places lacking local agency.
Every part of the UK is receiving an allocation from the Fund, covering the three years until the end of Financial Year 2024-25.
Commenting James said:
“The Fund was launched on 13th April 2022, with local partners being asked to submit a three-year investment plan in the summer. Local authorities in North Wales chose to work together and submitted a strategic, regional £126.5m investment plan.
“All four investment plans in Wales have now been validated by the Department for Levelling Up, Housing and Communities and I am delighted that they have been approved.
“This investment will help local residents in the Vale of Clwyd to fulfil their potential, while reducing regional inequalities that have been left untouched for too long.
Denbighshire County Council will launch Denbighshire’s Shared Prosperity Fund “as soon as practicably possible”, stating that it will be early 2023 at the earliest.
Potential applicants can receive further information by clicking on the link below:
