This report provides an overview of UK Shared Prosperity Fund (UKSPF) and the mechanisms for delivery of the Liverpool City Region allocation in respect of its status as a Mayoral Combined Authority. A proportion of Liverpool City Region UKSPF funds will be allocated for direct delivery by the six constituent Local Authorities with commencement expected in this financial year. The report therefore seeks approval for the Council’s Phase 1 Investment Plan of £1.53m and delegated authority to commence delivery on receipt of the relevant grant funding permissions.