European Regional Development Fund

HM Treasury written question – answered on 5th February 2018.

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Photo of Faisal Rashid Faisal Rashid Labour, Warrington South

To ask Mr Chancellor of the Exchequer, whether the Government plans to match the funding provided by the European Regional Development Fund after the UK leaves the EU.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

The government has committed to launch the UK Shared Prosperity Fund after the UK leaves the EU, using money returning to the UK from European structural funds, and to consult widely ahead of its launch. Further details on design will be set out following the consultation; however, the fund will be designed to reduce inequalities between communities, and be focused on domestic priorities.

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