This fund is closed to new applications.
Background
The UK Shared Prosperity Fund (UKSPF) has provided significant investment in communities, businesses and people across Gwynedd between 2022 and 2026. Cyngor Gwynedd and its partners have identified opportunities and worked collaboratively with communities, businesses and organisations across the county to maximise investment of £24.4 million during 2022-25 and £7.9 million during 2025-26.
During 2022-25, 40 strategic projects were supported, alongside a range of enabling funds for communities, businesses and the voluntary sector. In 2025-26, the investment built on the success of the first phase by continuing several successful projects and expanding their impact across the county.
There were three key priorities within the Fund:
- Communities and Place (Healthy, Safe and Inclusive Communities / Thriving Places)
Total investment: £15,461,270 - Supporting Local Businesses (Business Support)
Total investment: £8,532,997 - People and Skills (Employability)
Total investment: £7,305,474
Benefits for the people of Gwynedd
This investment has helped to strengthen communities, support local businesses, improve skills and employment opportunities, and increase pride in place across Gwynedd.
- 2,280 volunteering opportunities supported
- 1,193 local events and activities supported
- 112 facilities newly built or improved
- 582 homes receiving energy efficiency improvements
- 190 new jobs created
- 273 jobs safeguarded
- 41 tonnes of CO2 equivalent emissions reduced
The Celebrating Success Film shows some of the 40 projects that received funding during the first period of SPF in 2022-25. You can also read the success stories of the projects and the benefits to the people and communities of Gwynedd in the SPF Celebrating Success booklet (opens in new tab)
More information on the benefits and impact of the projects can be found in theses case studies:
2025-26 Projects Shared Prosperity Fund: Gwynedd
Investments by area
Several projects represented investment in county-wide services, while others focused on specific locations. The information below illustrate the geographical distribution of investment across the county. Although levels of investment varied between areas, funding reached communities in every part of Gwynedd through a combination of local projects, county-wide programmes and community grant funds.
During the lifetime of the Fund programme, 557 grants were awarded.
Number of grants in each area

| Regeneration Area | Number of grants |
| Bangor | 48 |
| Dyffryn Ogwen | 24 |
| Bro Peris | 41 |
| Caernarfon | 64 |
| Bro Lleu / Nantlle | 37 |
| Pen Llŷn | 37 |
| Pwllheli | 54 |
| Porthmadog / Penrhyndeudraeth | 46 |
| Bro Ffestiniog | 31 |
| Bro Ardudwy | 36 |
| Bala / Penllyn | 35 |
| Dolgellau | 32 |
| Tywyn & Bro Dysynni | 28 |
Sum of grants in each area

| Regeneration Area | Total Grants |
| Bangor | £1,448,185 |
| Dyffryn Ogwen | £ 316,517 |
| Bro Peris | £1,137,985 |
| Caernarfon | £1,425,022 |
| Bro Lleu / Nantlle | £1,626,410 |
| Pen Llŷn | £ 842,455 |
| Pwllheli | £2,224,957 |
| Porthmadog / Penrhyndeudraeth | £ 891,722 |
| Bro Ffestiniog | £ 715,438 |
| Bro Ardudwy | £ 641,781 |
| Bala / Penllyn | £ 601,556 |
| Dolgellau | £ 458,504 |
| Tywyn & Bro Dysynni | £ 876,944 |
Contact us
For more information contact: FfyniantBroDU@gwynedd.llyw.cymru
To find out more about the Shared Prosperity Fund in North Wales visit: Shared Prosperity Fund: North Wales
