EU Grants and Loans

Treasury written question – answered at on 23 May 2018.

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Photo of Jo Platt Jo Platt Labour/Co-operative, Leigh

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 16 May 2018 to Question 143241, whether Shared Prosperity Fund will be operational on 30 March 2019.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

We will launch the UK Shared Prosperity Fund following the UK’s departure from the European Union.

The implementation period included within the draft Withdrawal Agreement with the EU means that we will see all parts of the UK receive their full allocation of structural funds from the EU’s 2014-2020 budget.

The Industrial Strategy White Paper set out that we intend to consult this year on the precise design and priorities for the fund. Further details on the operation of the UK Shared Prosperity Fund will be set out following this consultation.

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