Purpose

Previously UKSPF (and linked Rural England
Prosperity Fund 2023-25) has been provided directly to District
Councils and the UKSPF 2025-26 is a transitional grant scheme
representing a further allocation £900 million for local
investment funding.
The funding continues to be based on 3 main themes of Communities
and Place; Business Support, and; People and Skills, with a
specific focus to help kickstart economic growth and promote
opportunities in all parts of the UK. Delivery is from April 2025
and spend by March 2026, and must support one of 5 national
missions:
Mission 1: Kickstart economic growth
Mission 2: Make Britain a clean energy superpower
Mission 3: Take back our streets
Mission 4: Break down barriers to opportunity
Mission 5: Build an NHS fit for the future
DTCCA has been allocated £4,166,670 (of which £721,522
is for capital and £3,445,148 is for revenue spending).
DCC are the Accountable Body with provisional allocations being set
aside of £100k for Management and Monitoring (based on 2.5%
of the maximum allowance of 4%) and £811,411 set aside for
the Essential Skills programme (previously “Multiply
Programme” aimed at continuation of bespoke adult numeracy
programmes).
A provisional allocation of £424,964 has been assigned to
Teignbridge District Council (TDC) (of which capital £99,036
and revenue £325,928), equating to a 10% allocation (based on
the equivalent UKSPF 2022-25 district and county awards, see
Appendix 3).
An associated Projects Proposal UKSPF 2025-26 investment plan is
being developed by DCC for DTCCA approval and submission to
Government in early April 2025.

Content

Approval of the support as set out.
Justification: The project selection which aligns with One
Teignbridge goals to support a wide range of local economy projects
whilst achieving the UKSPF 2025-26 missions, outputs and outcomes
and the Central Government spend deadline. A further report will be
presented to Council to seek approval for expenditure