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<p>Wales will receive £585 million through the UK Shared Prosperity Fund (UKSPF) in
the current SR period, replacing in full the amount Wales received in EU Structural
Funds (ERDF and ESF).</p><p> </p><p>The Fund empowers communities to identify and
build on their own strengths and needs at a local level. Local leaders, informed by
their regional investment plans and working with local partners, decide how to spend
UKSPF funding to create jobs, improve their local areas and support levelling up in
Wales.</p><p> </p><p>The Department for Levelling Up, Housing and Communities (DLUHC)
administer the fund. Lead local authorities provide DLUHC with regular progress reports,
outlining how UKSPF is being delivered across their region. These include total expenditure,
updates on the delivery of individual programmes, and performance metrics with details
on the outputs and outcomes generated. Projects funded under UKSPF are required to
display UK Government branding.</p><p> </p><p>Information on the performance of UKSPF,
and branding guidance for the Fund, is set out online at: <a href="https://www.gov.uk/government/collections/uk-shared-prosperity-fund-additional-information"
target="_blank">https://www.gov.uk/government/collections/uk-shared-prosperity-fund-additional-information</a>.</p><p>
</p><p>I intend to ensure that UKSPF delivers its objectives in all parts of Wales.
I shall keep a close eye on how the Fund is being spent and what it is delivering.
UKSPF will also be a standing item for my regular meetings with local leaders in Wales.</p><p>
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