<p>The UK Shared Prosperity Fund (UKSPF) will help to level up and create opportunity across the UK for people and places. <br> <br> Funding for the UKSPF will ramp up so that total domestic UK-wide funding will at least match receipts from EU structural funds, on average reaching around £1.5 billion per year. Its funding profile will be set out at the next Spending Review. <br> <br> £1.5 billion is the average annual investment from EU Structural Funds (including ERDF, ESF and ETC) over the previous EU funding round.</p>