How we are planning to invest in Milton Keynes

The UK Shared Prosperity Fund (UKSPF) was launched by the UK Government in 2022 as the replacement for all European structural funding programmes. The UKSPF programme was due to conclude March 2025, however, it was announced in the Autumn Budget 2024 that it would be extended for a further year in advance of wider funding reforms.

For 2025/26 financial year, Milton Keynes City Council has an allocation of £984,004; made up of £181,678 Capital funding and £802,326 Revenue. The details of grants that are available can be found in the application forms below.

Milton Keynes City Council will use this funding to complement the existing regeneration and estate renewal programme. 

Milton Keynes City Council's plan for 2025/26 was approved by Delegated Decision on 11th March 2025, papers can be found here.

Who can apply?

We welcome applications from a range of local organisations, such as registered charities, voluntary, community groups, Parish Councils, business support organisations, and not for profit organisations with a constitution.

How to apply?

The call for projects is now live. The deadline for applications closes 9 May 2025 at 5pm

Funding is limited and we anticipate significant interest in UKSPF grants. So priority may be given to delivery in the following areas:

• Lakes Estate
• Netherfield
• Beanhill
• Fullers Slade
• Tinkers Bridge
• Coffee Hall
• Bradville

More information

For more on the UKPSF fund, please see UKSPF prospectus.

If you would like to ask a question or request further information, please contact us at ukspf.enquiries@milton-keynes.gov.uk