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EU Structural Funds: Least Developed Regions — [Siobhain McDonagh in the Chair]

Part of the debate – in Westminster Hall at 3:15 pm on 26th June 2019.

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Photo of Dan Jarvis Dan Jarvis Labour, Barnsley Central 3:15 pm, 26th June 2019

I will not; I have very little time.

First, the annual budget for the shared prosperity fund should be no less in real terms than both the EU and local growth funding streams that it replaces. Secondly, there should be no competitive bidding element. Thirdly, the fund must be fully devolved to the areas that have in place robust, democratically accountable governance models. Finally, the funding must be stretched over multiple years, beyond the vagaries of spending reviews and parliamentary cycles.

If we want to create a country that works for everybody, let us take the opportunity to be bold, and let us make sure that the shared prosperity fund does what it says on the tin and enables all of our communities to share and prosper in our country’s economic growth.