UK Shared Prosperity Fund

Part of Scotland – in the House of Commons on 23rd June 2021.

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Photo of Alister Jack Alister Jack The Secretary of State for Scotland

The UK shared prosperity fund will be the successor to EU structural funds, with decisions about how taxpayers’ money is spent being taken in the United Kingdom, rather than in Brussels. The £220 million community renewal fund, for which applications closed last week, will lead us up to publishing the shared prosperity fund prospectus later this year. We look forward to working directly with local authorities in Scotland on applications for the new UK shared prosperity fund. They know best what their communities need. This is real devolution in practice.