UK Shared Prosperity Fund 2025-26 Update Jan 26 - AM reveiwed
Renfrewshire Council · 20 January 2026
Back to Economy and Regeneration Policy Board — 20 January 2026 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
Page 1
PUBLIC ___________________________________________________________________ To: Economy and Regeneration Board On: 20 January 2026 ___________________________________________________________________ Report by: Chief Executive ___________________________________________________________________ Heading: UK Shared Prosperity Fund 2025-26 Update ___________________________________________________________________ 1. Summary 1.1 This report provides an update to board of the progress and financial claims to date for the extension year (2025/2026) of the Renfrewshire UK Shared Prosperity Fund (UKSPF) allocations. 1.2 The report also confirms the final claim figures for the previous year allocation 2024-25. ___________________________________________________________________ 2. Recommendations 2.1 Board members are asked to: a) Note the contents of the report; b) Note the good progress of the 2025-26 programme with no projected underspend. c) Note the final claim figure for 2024-25 Renfrewshire funds with a small amount to be repaid. ___________________________________________________________________ 3. Background 3.1 The March 2025 board report on UK SPF outlined the Renfrewshire final year allocation of funds. This allocation was for the “transition year” 2025-26. 3.2 The transition year followed a 3-year programme budget which ran from Jan 2022 – 31st March 2025. The 3 year allocation across the Glasgow City Region (GCR) for the period was just under £74m with Renfrewshire’s allocation being £6,290,987. The 2024-25 final allocation of UK SPF funds to Renfrewshire was £3,764,050.
Page 2
PUBLIC 3.3 The UK Government committed to a year extension of the 2022-25 UKSPF programme in the Budget Statement, 30 October 2024. While the extension year was welcomed, the quantum for the extension year was significantly less (over 40% lower) than the UKSPF budget for the previous financial year (2024/2025). The 2025-26 allocation of funds to Renfrewshire for the transition year was £2,062,930. __________________________________________________________________ 4. UK SPF 2025-26 Spend to Date 4.1 Renfrewshire Council has a total allocation of £2,062,930 for 2025-26 of which £481,599 is the minimum capital spend leaving £1,581,331 for revenue. 4.2 The breakdown of the allocation was agreed at the March 2025 board as: Capital Revenue Total People and Skills £0 £1,000,000 £1,000,000 Business £0 £581,331 £581,331 Communities and Place £481,599 £0 £481,599 4.3 Glasgow City Region (GCR) Programme Management Office (PMO), on behalf of the eight Member Authorities (MAs) and PMO delivery, is required to provide the UK Government with 6-monthly progress reports on UKSPF spend and activity. 4.4 This table below covers spend for the first 6 month period (April – September 2025) for all areas across the City Region. Table 1. GCR UKSPF Expenditure Summary by MA Q2 2025/2026 Member Authority Q2 Spend 25/26 Forecast % of spend East Dunbartonshire £153,728 £1,159,175 13% East Renfrewshire £308,747 £1,078,992 29% Glasgow £3,031,271 £11,834,806 26% Inverclyde £345,975 £1,550,389 22% North Lanarkshire £2,982,362 £6,034,164 49% Renfrewshire £692,682 £2,062,930 34% South Lanarkshire £935,885 £4,007,757 23% West Dunbartonshire £428,187 £1,694,752 25% TOTAL £8,878,837 £29,422,965 30% 4.5 The Renfrewshire claims for April to end September 2025 are broken down as follows: Renfrewshire Finance Summary to end September 2025 2025-26 UKSPF Budget Quarter 1 Claim Quarter 2 Claim Revenue Allocation (Employability, Skills and Business) £1,498,819.80 £337,227.68 £328,812.54 Management and Admin Fee (4%) £82,517.20 £13,489.10 £13,152.50 Capital Allocation (Communities and Place) £481,593.00 £0.00 £0.00
Page 3
PUBLIC 2025-26 UKSPF Budget Quarter 1 Claim Quarter 2 Claim Total 25/26 UKSPF Allocation: £2,062,930.00 £350,716.78 £341,965.04 Total 6 month SPF claimed: £692,681.82 4.6 The spend to date for Renfrewshire shows a full profiled spend to date for the revenue elements with the capital expected to fully spend in the second half of the year. ___________________________________________________________________ 5. Progress and Final Claim for Renfrewshire UK SPF 2024-25 5.1 Renfrewshire’s 2024-25 activities under the SPF ran to plan with only small variances of spend across individual budget lines. The slight overspend on the core programme was met by existing funds with the underspend in Multiply (which had to stay separate from the other funds) being returned. 5.2 A full report on the total spend, activities and outcomes for the UK SPF programme will be submitted to board in the summer of 2026 on completion of the full 4 year programme. 5.3 UK SPF concludes at the end of March 2026. The future programme to replace SPF is outlined in the separate report to this Board agenda, titled “UK SPF Replacement Programme: 2026 and beyond”. 2024/25 UKSPF Budget Actual Spend in 24/25 Under/Overspend Communities and Place - Capital £865,000.00 £855,173.69 -£9,826.31 Communities and Place - Revenue £321,769.00 £330,590.85 £375.00 Local Business £968,408.41 £973,495.37 £5,086.96 People and Skills £1,254,666.84 £1,254,856.70 £189.86 Management and Admin (4% Fee) £169,273.10 £169,273.10 £0 £3,579,117.35 £3,583,389.71 £4,272.36 Multiply £184,933.00 £181,284.91 -£3,648.09 Overall Total claimed in 24/25: £3,764,050.35 £3,764,674.62
Page 4
PUBLIC _________________________________________________________________ Implications of the Report 1. Financial – No additional funding is sought. All funding is accounted for within existing Council budgets and external funding. 2. HR & Organisational Development –funding secures the continuation of staff posts 3. Community/Council Planning –none 4. Legal – None. UK SPF is routed through the Glasgow City Region and formal relationships are established with them. 5. Property/Assets – None. 6. Information Technology – None. 7. Equality & Human Rights - The Recommendations contained within this report have been assessed in relation to their impact on equalities and human rights. No negative impacts on equality groups or potential for infringement of individuals’ human rights have been identified arising from the recommendations contained in the report. 8. Health & Safety – None. 9. Procurement – None. 10. Risk – None. 11. Privacy Impact - None. 12. Children’s Rights – None. 13. COSLA Policy Position – Not Applicable. 14. Climate Risk – Not Applicable. __________________________________________________________________ List of Background Papers Economy and Regeneration Policy Board, 23rd August 2022, “UK Shared Prosperity Fund Update” Economy and Regeneration Policy Board, 23rd May 2023, “UK Shared Prosperity Fund – Year 1 Report” Economy and Regeneration Board, 7 November 2023, “Shared Prosperity Funding: Business Challenge Fund” Economy and Regeneration Board, 5 November 2024, “Shared Prosperity Fund Update” Economy and Regeneration Board, 18 March 2025 “UK Shared Prosperity Fund 2025-26” ___________________________________________________________________ Author: Ruth Cooper, Economic Development Manager; Email: ruth.cooper@renfrewshire.gov.uk