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<p>The UK Shared Prosperity Fund (UKSPF) will help to level up and create opportunity
across the UK in places most in need, such as ex-industrial areas, deprived towns
and rural and coastal communities, and for people who face labour market barriers.</p><p>Funding
for the UKSPF will ramp up so that total domestic UK-wide funding will at least match
receipts from EU structural funds, on average reaching around £1.5 billion per year.
The Government will publish a UK-wide investment framework in 2021 and will confirm
its funding profiles at the next Spending Review.</p><p>To help local areas prepare
over 2021-22 for the introduction of the UKSPF, the Government will provide £220 million additional
funding to support our communities to pilot programmes and new approaches. This funding
will be delivered UK-wide. Further details will be published in the new year.</p>
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