Shared Prosperity Fund

Part of Housing, Communities and Local Government – in the House of Commons on 22nd February 2021.

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Photo of Luke Hall Luke Hall Minister of State (Housing, Communities and Local Government)

The money is well known about, and we published the heads of terms document last year. Investment to replace EU structural funds will increase in each of England, Scotland, Wales and Northern Ireland next year, compared with this financial year, thanks to the funds that the Chancellor is putting in. We will ramp up total domestic UK-wide funding so that it will at least match EU receipts, reaching around £1.5 billion a year. Further details of the operation of the additional funding will be published soon, but in the meantime we will continue to engage with the devolved Administrations on the important additional funds.