UK Government levelling up and community investment programmes

As part of its Levelling Up agenda (as outlined in the Levelling Up White Paper) the UK Government has announced four investment programmes to date.  

These programmes replace the European Funds which were previously available in Wales and administered by the Welsh Government. 

The UK Government has also recently introduced a Levelling Up and Regeneration Bill at the UK Parliament. 

More information on the investment programmes is presented below. 

Latest  - UK Shared Prosperity Fund 

UK Government have released additional information about the Shared Prosperity Fund

View details: UK Shared Prosperity Fund  

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The Levelling Up Fund will run until March 2025 and invest £4.8 billion across the UK. 

The Fund funds large capital projects and will support: 

  • town centre and high street regeneration (up to £20 million)
  • cultural and heritage assets (up to £20 million)
  • local transport projects (up to £50 million) 

Only local authorities can apply to the Fund.  

Areas can submit bids for each Parliamentary Constituency within their boundaries and one additional bid for a local transport project. Gwynedd Council can therefore submit up to three bids. 

The first round of the Levelling Up Fund was held in 2021. No applications from Gwynedd Council were successful. 

The second round of the Fund is currently underway. Applications must be submitted by 6 July 2022. Gwynedd Council is currently investigating potential applications with key stakeholders.

More information on the Levelling Up Fund  

The UK Shared Prosperity Fund will provide £2.6 billion of funding across the UK by March 2025. 

Capital and revenue funding will be available across three investment priorities: 

  • Community and Place
  • Supporting Local Business; and
  • People and Skills 

Each local area will be given an allocation based on a funding formula.  Gwynedd will be allocated £24.4 million for the period up to March 2025, of which £4.2 million must be invested in raising adult numeracy levels. 

In Wales, local areas must also collaborate with other areas in their region.  Gwynedd is part of the North Wales region alongside Anglesey, Conwy, Denbighshire, Flintshire and Wrexham Counties. 

More information on the UK Shared Prosperity Fund  

Latest  - UK Shared Prosperity Fund 

UK Government have released additional information about the Shared Prosperity Fund

View details: UK Shared Prosperity Fund  

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The Community Ownership Fund will run until March 2025 and invest £150 million across the UK.

Voluntary and community groups can bid for match funding to purchase and/or renovate assets and amenities to be run for the benefit of the local community. 

There will be at least 8 bidding rounds in total.  The first round was held in 2021, the second round opened in June 2022.

More information on the Community Ownership Fund

In 2021, the UK Government provided £220 million across the UK as an interim measure prior to the launch of the UK Shared Prosperity Fund. 

Applications were submitted to the UK Government via Gwynedd Council following an open call and a prioritisation process. 

Nine application from Gwynedd were successful in securing £2.61 million.  All projects are to be completed by 31 December 2022.

More information on the local projects 

and

More information on the Community Renewal Fund


Contact us

If you have any general enquiries, please e-mail: UKLevellingUp@gwynedd.llyw.cymru