The UK Shared Prosperity Fund (UKSPF) replaces funding which the council originally received from Europe. Denbighshire County Council has been allocated a total of £25.6 million to invest over three years. This is broken down into £21.2 million of core funding and £4.4 million for the national 'Multiply' programme.

We now have the opportunity to accelerate our plans for the fund, and build on our emerging Corporate Plan themes. We must develop an investment plan to be submitted to government by 1 August 2022.

The plan will take account of the three themes of the fund as set out by Government:

• Communities and place

• Local businesses

• People and skills

To develop our local investment plan, we will work in partnership with councillors, MPs and local stakeholders including businesses and residents.

The investment plan - whilst written at a Denbighshire delivery level - will also be aligned with a regional investment plan to show how we are working with neighbouring authorities – Anglesey, Gwynedd, Conwy, Flintshire and Wrexham - to share learning and best practise and identify areas for collaboration where greater benefits for residents may be delivered better across a wider geography.

We need to submit plans to the UK Government by 1 August 2022, therefore we’d like to have developed ideas for year 1 by Friday 24 June 2022.