Torbay Council is to receive a £2,378,002 funding boost from the Conservative Government through the UK Shared Prosperity Fund to help level up the community – from regenerating run down high streets to fighting anti-social behaviour.
The funding also includes money for Multiply - a new UK-wide programme to equip hundreds of thousands of adults with functional numeracy skills to improve their employment prospects. This could mean free tutoring, digital training and flexible courses to help adults with low-level maths skills get back into work, as well as measures to get more young people into high-skilled jobs.
The investment will help deliver on the Conservative Government’s mission to level up the United Kingdom – regenerating communities, tackling economic decline, and reversing geographical inequalities to ensure that everyone can fulfil their potential.
£2.6 billion of levelling up funding will be awarded to communities across the UK through the UK Shared Prosperity Fund (‘UKSPF’), the Government has announced.
The UKSPF allows local communities to invest in local priorities from regenerating high streets, to tackling economic decline, and will help reverse geographical inequalities – with areas in greater need receiving more support, but every place receiving funding. The funding is part of the 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.
Torbay’s MP Kevin Foster has welcomed the news that as part of this investment, a total of £2,378,002 has been awarded to Torbay Council. This is made up of £1,764,043 of core UKSPF Funding and £613,959 for delivering Multiply in our local community.
Giving this money to locally elected authorities will help local communities in seizing new opportunities and ensure it reflects the priorities of local people.
The spending announced today confirms the Conservative Government has fulfilled its commitment to match previous EU funding on social and regional development.
Commenting, Kevin Foster MP said:
“This is welcome news and comes on top of the support we have already seen from the Government for the Torquay Town Deal (£21.9m) and the Paignton Future High Streets Fund (£13.4m). This funding will not only help drive forward regeneration plans for our bay, but also support those who need help improving their numeracy or digital skills to fill the job vacancies available now and in the future.”
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