UK Shared Prosperity Fund

Wales – in the House of Commons on 17th March 2021.

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Photo of Wayne David Wayne David Shadow Minister (Foreign and Commonwealth Affairs)

What recent discussions he has had with the First Minister of Wales on the UK shared prosperity fund.

Photo of Simon Hart Simon Hart The Secretary of State for Wales

I have regular discussions with the First Minister of Wales and his ministerial team on a range of issues, including the UK shared prosperity fund. The Government will continue to engage with the Welsh Government as we develop the fund’s investment framework, which will be published later this year.

Photo of Wayne David Wayne David Shadow Minister (Foreign and Commonwealth Affairs)

Will the shared prosperity fund allocate resources on the basis of need?

Photo of Simon Hart Simon Hart The Secretary of State for Wales

Absolutely; that underpins the entire thrust of a number of these funds. We are attempting to prioritise areas with greatest need and where there is opportunity and challenges so that we get the money to the right places at the right time as fast as we can. One of the bits of feedback we get from local communities is that there seems to be a lot of money talked about but it never quite gets to the right place; this new initiative provides a much quicker and better way, involving local authorities, to get over that problem.