The Government has guaranteed that UK contracts relating to current EU funding, such as the 2014-20 European Regional Development Fund and European Social Fund programmes managed by City Hall, will continue to be supported in the event of a ‘no deal’ Brexit. It remains unclear whether such funds might continue to be reclaimed from the EU, or be directly provided by the Government.
However, the Government’s promised consultation on the proposed post-2020 ‘UK Shared Prosperity Fund’ to replace the EU’s vital multi-billion pound programmes for business, employment, skills and regeneration has not appeared; while their recent ‘Stronger Towns’ Fund excluded London entirely.
Other city Mayors and I have therefore just written to the Government to share our concerns. We have called for a multi-year, fully devolved funding programme of at least the quantum of existing structural fund and related domestic programmes.