UK Shared Prosperity Fund 2025/26
The UK Shared Prosperity Fund (UKSPF) 2025/26 is a government fund that supports the transition from European Union structural funds to a new, future funding framework.
In Lancashire, for 2025/2026, the fund is being administered by the Lancashire Combined Authority working in partnership with district councils.
The Fund sets out the government’s five national missions, which are mapped into the existing priorities below with a specific focus on the government’s foremost mission to kickstart economic growth.
The three investment priorities are:
- Communities and Place
- Support for Local Business
- People and Skills
Each priority area has themes and sub-themes sitting underneath it. More information can be found via: UK Shared Prosperity Fund 2025-26: Technical note - GOV.UK
Chorley Council has been awarded a total allocation of £1,366,996 for local investment by the end of March 2026.
The council has developed an Investment Plan aligned to the fund’s themes and subthemes which addresses local priorities and needs. A copy of the plan can be found below.
It has also been announced that a round of the Rural England Prosperity Fund (REPF) will be available for eligible local authorities in 2025/26. The Rural Fund is a rural top-up to UKSPF allocations. It supports activities that specifically address the particular challenges rural areas face and is complementary to funding used to support rural areas under the UKSPF.
Chorley Council has been awarded £120,261 capital funding to support the programme’s overarching aims and this will be allocated to a rural business grant scheme. More detail on the REPF programme can be found at Rural England Prosperity Fund: prospectus - GOV.UK