United Kingdom Shared Prosperity Fund (UKSPF)
Newham Council allocated additional United Kingdom Shared Prosperity Fund money to its Stock Street Project in November 2025.
Newham Council's Corporate Director of Inclusive Economy & Housing, Paul Kitson, approved the allocation of £734,000 from the United Kingdom Shared Prosperity Fund (UKSPF) for the Stock Street Project in October 2025. This decision addressed rising construction costs for the project, which aims to regenerate a heritage building into a community-led cultural and creative hub. Of this, £700,000 was granted to Create London for Phase 1 construction.
The United Kingdom Shared Prosperity Fund is a UK government funding programme designed to support local investment and development. The Stock Street Project in Newham has a total council investment of £1.715 million, which includes £1.015 million from the Levelling Up Fund and £700,000 from the UKSPF.
Key facts
- Paul Kitson, Corporate Director of Inclusive Economy & Housing, approved £734,000 from UKSPF for the Stock Street Project in October 2025. Source 1 Source 2
- £700,000 of the UKSPF allocation was granted to Create London for Phase 1 construction. Source 1 Source 2
- The Stock Street Project's total council investment is £1.715 million. Source 1 Source 2
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.