P-06-1500 Neath Port Talbot UNISON needs additional Funding for NPT Council - Correspondence from Neath Port Talbot Council, 17 December 2025

UK Shared Prosperity Fund 2025 – 2026 – Neath Port Talbot

Neath Port Talbot Council was allocated £14,360,429 UK Shared Prosperity Fund (UKSPF) for the 2025 – 26 Transition Year. UKSPF is a mix of capital and revenue, approximately 30% capital and 70% revenue and needs to be spent by 31^st March 2026.

UKSPF Neath Port Talbot Delivery model:

To ensure a strategic, targeted and evidence based approach to delivering the UKSPF, Neath Port Talbot Council Cabinet agreed the following delivery approach on 26^th February 2025. The delivery model is consistent with the South West Wales delivery model ensuring alignment with the region’s strategic approach with local delivery:

Anchor Projects

Council led projects delivering strategic priorities. The approved anchor projects for Neath Port Talbot are:

· Community

· Place

· Business

· Employability

· Skills

Third party grant schemes

Three third party grant schemes were set up to ensure public, private, voluntary and community groups can access UKSPF funding via these grant schemes:

· Community Prosperity Fund (£1m)

· Place Prosperity Fund (£2m)

· Business Prosperity Fund (£1.25m)

All project delivery is aligned to the UKSPF Investment Priorities and Themes, which are: Communities & Place (Healthy, safe and inclusive communities / Thriving Places); Supporting Local Business (Support for Business); and People & Skills (Employability / Skills)

There are specific outputs and outcomes which need to be delivered by UKSPF projects. These outputs and outcomes are monitored and reported to UK government on a regular basis.

All funding has been allocated and projects are due to finish between December 2025 and March 2026.

The Neath Port Talbot Local Economic Partnership is the local partnership structure for the UKSPF in NPT.