Craig Williams MP has welcomed news that Powys will receive over £27 million of funding from the UK Government through the UK Shared Prosperity Fund (UKSPF), to help level up communities across the region.
The UK Government have today announced that £2.6 billion of levelling-up funding will be awarded to communities across the UK through the UKSPF, which allows local communities to invest in local priorities from regenerating high streets to tackling economic decline, and will help reverse geographical inequalities. Powys will be allocated £27,443,340 as part of the UKSPF.
The funding forms part of the UK Government’s mission to level up the UK, by ensuring that where an individual is born does not determine the success and opportunities afforded to them.
Welcoming the UKSPF funding for Powys, Craig Williams MP said:
“The continued investment into Montgomeryshire and Powys by the UK Government is brilliant news. This UKSPF funding can be used on a range of projects across Powys, from regenerating our high streets, to providing training and helping young people into good jobs.
“The investment will help local residents across Montgomeryshire fulfil their potential by creating new opportunities, while reducing regional inequalities that have been left untouched for too long. The spending also confirms that the Conservative Government has fulfilled its commitment to match previous EU funding on social and regional development.
“By targeting this funding at local authority level, we will help spread opportunity and level up every part of Powys and Mid Wales.”
