Our North Yorkshire Shared Prosperity Fund Prospectus

The UK Shared Prosperity Fund (UKSPF) prospectus for North Yorkshire, outlining investment priorities and funding allocation for local programmes and projects. Includes key focus areas such as tackling rurality, building pride in places, boosting productivity, and decarbonizing communities and the economy.

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• North Yorkshire
• Shared Prosperity Fund
• investment priorities
• funding allocation
• tackling rurality
• building pride
• boosting productivity
• decarbonizing communities
• active labour market

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Uploaded on Dec 09, 2023 | 2 Views

Presentation Transcript

1. Our North Yorkshire Shared Prosperity Fund Prospectus The UK Shared Prosperity Fund (UKSPF or the Fund) is a central pillar of the UK government s ambitious Levelling Up agenda and a significant component of its support for places across the UK. Our 5 Local Investment Priorities Building on the work of The North Yorkshire Investment Plan, this prospectus identifies 5 investment priorities based on the sub- regions key strengths and challenges: North Yorkshire have been allocated 16.9m to spend on local programmes and projects through the Shared Prosperity Fund, as well as 5.4m from the Rural England Prosperity Fund (REPF) a capital funding programme targeted at rural areas and seeking to address the same issues and challenges of the UKSPF. North Yorkshire 1. Tackling Rurality and Inequalities This Prospectus sets out the priorities for how the UKSPF will be invested in North Yorkshire, based on delivering the interventions set out in the local SPF Investment Plan submitted to Government in July 2022. 2. Building Pride in our Places 3. Boosting Productivity 4. Decarbonising our Communities and Economy Aims of the Fund 5. Enabling an Active labour Market The UKSPF 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: North Yorkshire SPF Funding Profile Boost productivity, pay, jobs and living standards by growing the private sector, especially in those places where they are lagging 22-23 23-24 24-25 Total Spread opportunities and improve public services, especially in those places where they are weakest North Yorkshire 2,050,117 5,454,510 14,856,919 22,316,536 Restore a sense of community, local pride and belonging, especially in those places where they have been lost Revenue 1,845,105 3,567,201 8,594,084 14,006,390 Empower local leaders and communities, especially in those places lacking local agency Capital (inc REPF) 2,050,12 1,887,309 6,262,835 8,355,156 OFFICIAL - SENSITIVE

2. Prospectus Launch and Process Prospectus Launched 20th February Webinars 23rd & 28th February All details on NYCC website https://www.northyorks.gov.uk/uk-shared-prosperity-fund OFFICIAL - SENSITIVE

3. NYSPF Allocation: 16.2m (plus 4% management allowance) North Yorkshire UKSPF Investment Plan on a Page Delivering the three UKSPF Investment Priorities of: People and Skills Communities and Place Supporting Local Business Our 5 Local SPF Investment Priorities: 4. Decarbonising our Communities and Economy 1. Tackling Rurality and Inequalities 2. Building Pride in our Places 5. Enabling an Active Labour Market 3. Boosting Productivity Delivered through our 12 SPF Programmes: 5.1: Engaging and Inspiring People 1.1: Building Capacity within our places and people 4.1: Promoting Climate Resilience and Decarbonisation 2.1: Celebrating our Distinctive and Vibrant Places 3.1: Growing our Businesses 3.2: Promoting Innovation 5.2:Developing progression pathways within our workforce 1.2 Generating New Ideas for Community Regeneration 3.3: Attracting new Investment through Strategic Sector Growth 5.3: Supporting our young and older people 1.3 : Promoting Healthy and Active Communities 1.4: Increasing levels of Digital Inclusion Total SPF: 1.55m Total SPF: 3.55m Total SPF: 3.9m Total SPF: 3.3m Total SPF: 3.9m North Yorkshire Shared Prosperity Vision Shared Prosperity in North Yorkshire will enable our people, communities and businesses across our rural, coastal and urban areas, to harness the opportunities to thrive and prosper. OFFICIAL - SENSITIVE

4. UKSPF/REPF Prospectus How to get Involved Whilst the programme runs over 3 years, the majority of Year 1 funding has already been allocated to meet deadlines for expenditure. This has been approved by the Local Partnership Group and will deliver against the programme priorities set out in the Investment Plan. For Year 2 & 3 the prospectus outlines a number of ways you can get involved: Feasibility studies Expressions of Interest for grant funding or delivering commissioned services or projects outlined in the programmes activities. Expressions of interest can cover more than one investment priority or programme. Co-design of specific programmes see individual programme pages Register to receive alerts and announcements including calls for projects by emailing ukspf@northyorks.gov.uk OFFICIAL - SENSITIVE

5. Communities & Place Programme Funding How to get Involved 1.75m 1.1 Building capacity in our people and places Community Networks and Anchor organisations Expressions of Interest Expressions of Interest for coordination and delivery of the capacity building programme in years 2 & 3. Fund opens later 2023. Capacity Building programme and fund Applications will open in April 2023 Community Grants 600,000 Feasibility Studies applications open from February 2023 1.2 Generating New Ideas for Community Regeneration 600,000 Expressions of interest for coordination and delivery of the grants programme in years 2 & 3. Fund opens later 2023. 1.3 Promoting Healthy and Active Communities Grant Programme Access to green space, new and improved sports and leisure facilities, active travel measures and campaigns to promote healthy lifestyles. 850,000 Funding for this programme is not open until 2024. 1.4 Increasing Levels of Digital Inclusion Grant Programme 2.65M Expressions of Interest 2. Celebrating our Distinctive and Vibrant Places Grant Programme A towns growth fund, Arts, culture and heritage fund and Visitor Economy Fund OFFICIAL - SENSITIVE

6. Supporting Local Business Programme Funding How to get Involved 1.9m Procurement opportunities will be published on www.ynygrowthhub.com. Expressions of interest for management, coordination and delivery of voucher programme in Years 2 and 3. 3.1 Growing Our Businesses Enhanced business diagnostic and support service, social enterprise support and feasibility studies Procurement opportunities will be published on www.ynygrowthhub.com. Expressions of interest for management, coordination and delivery of voucher programme in Years 2 and 3. 3.2 Promoting Innovation Business support & voucher scheme 1m 1m Services will be launched in Spring 2023 Skills programme not available until 2024 3.3 Attracting new Investment through Strategic Sector Growth New specialist sector growth service & Specialist skills programme OFFICIAL - SENSITIVE

7. Decarbonising our Communities and Economy Programme Funding How to get Involved 1.55m 4.1 Promoting Decarbonisation and Climate Resilience Register your interest for programmes or co-design of programmes at ukspf@northyorks.gov.uk Support for communities and business Skills programme not available until 2024 Skills programme OFFICIAL - SENSITIVE

8. Enabling an Active Labour Market Programme Funding How to get Involved 2.4m 5.1 Engaging And Inspiring People Funding is not available until April 2024. Funding in years 1 & 2 to support VCSE organisations at risk from withdrawal of ESF 815,000 5.2 Developing Progression Pathways within the Workforce Funding is not available until 2024. 335,000 5.3 Supporting young and older people Funding is not available until 2024 Year three programmes will be developed in first half of year 2. OFFICIAL - SENSITIVE

9. RURAL ENGLAND PROSPERITY FUND The Rural England Prosperity Fund (REPF) is a capital funding programme targeted at rural areas and settlements with a population of up to 10,000 people, or settlements of up to 30,000 population which act as service hubs to a wider rural population. REPF is a fund linked to the UK Shared Prosperity Fund and seeks to address the same issues and challenges as the UKSPF with a focus on the key priorities of Communities and Place and Supporting Local Business. Funding is limited to the 2023/24 and 2024/25 financial years - Details are being developed for launch of the grant application process early in 2023/24 (Y2) Expressions of Interest are invited based on the North Yorkshire Rural England Prosperity Fund Investment Plan and with reference to the national prospectus which can be viewed here : Rural England Prosperity Fund: prospectus - GOV.UK (www.gov.uk) Capital Grant Funding - rural communities and places Tackling inequalities, addressing rural accessibility and climate resilience. Capital Grant Funding - local rural business and social enterprises Creating and safeguarding rural jobs, raising rural productivity and contributing to net zero and nature recovery objectives. 2023/24 2024/25 Total 2023/24 2024/25 Total Capital Funding 679,279 2,037,835 2,717,114 Capital Funding 675,000 2,025,000 2,700,000 OFFICIAL - SENSITIVE