City of York Council is celebrating the success of its UK Shared Prosperity Fund (UKSPF) investment programme, which has delivered benefits to businesses, communities, and residents.
The funding has added £6.30 to York’s economy for every £1 invested – a total of £39 million.
City of York Council invested £5,507,510 from the Government through the UK Shared Prosperity Fund, in addition to £384,817 from the Rural England Prosperity Fund. The funds aimed to boost productivity and living standards, increase pride in place and build strong communities.
The funding has been invested through a wide-ranging programme of grant and support schemes aimed at supporting businesses and local communities.
Cllr Pete Kilbane, executive member at City of York Council for economy and culture, said: “The impacts of this investment have touched all parts of our city – from supporting entrepreneurs to turn their dreams into reality and enabling people to gain employable skills, to regenerating Acomb’s Front Street and bringing diverse cultural opportunities to York.
“I’m extremely proud to see that 125 jobs have been created or safeguarded as a direct result of this funding, with hundreds more people benefiting from opportunities to build the skills and confidence they need to secure rewarding, well-paid employment.
“The fact that this investment has contributed £39 million to York’s economy is due in no small part to the energy and passion that I’ve seen demonstrated time and again by the people and organisations who we’ve worked with throughout this programme and who have turned this funding into real change and opportunity for our people, places and communities.”
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