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UK Shared Prosperity Fund

Ministry of Housing, Communities and Local Government written question – answered on 11th February 2019.

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Photo of Baroness Hayter of Kentish Town Baroness Hayter of Kentish Town Shadow Spokesperson (Cabinet Office), Shadow Spokesperson (Business, Energy and Industrial Strategy), Shadow Spokesperson (Exiting the European Union), Shadow Deputy Leader of the House of Lords

To ask Her Majesty's Government when they expect to consult on the design and implementation of their proposed Shared Prosperity Fund; and whether the consultation will include the option of allocating the fund on the basis of need rather than population.

Photo of Baroness Hayter of Kentish Town Baroness Hayter of Kentish Town Shadow Spokesperson (Cabinet Office), Shadow Spokesperson (Business, Energy and Industrial Strategy), Shadow Spokesperson (Exiting the European Union), Shadow Deputy Leader of the House of Lords

To ask Her Majesty's Government whether, when designing and implementing their proposed Shared Prosperity Fund, they intend to (1) match, or (2) exceed the current level of EU Structural Funds allocated to the UK.

Photo of Lord Bourne of Aberystwyth Lord Bourne of Aberystwyth The Parliamentary Under-Secretary of State for Wales, Parliamentary Under-Secretary (Housing, Communities and Local Government)

The government has made great progress on the development of UK Shared Prosperity Fund (UKSPF), work is continuing across government on the design, priorities and quantum of the fund and final decisions will be made at Spending Review. The UKSPF will tackle inequalities between communities by raising productivity, especially in those parts of our country whose economies are furthest behind.

Over the past year we have held 25 engagement events across the UK with representatives from a breadth of sectors, in order to aid policy development. We intend to publish the public consultation on the UKSPF shortly, which will provide an opportunity for all interested parties to contribute their views.

We know that places require certainty of funding after we leave the European Union. The draft Withdrawal Agreement guarantees the UK will continue to take part in the 2014-2020 EU programmes until they end. Whilst the government remains committed to securing a good deal on exiting the European Union, we continue to plan for all scenarios, including a no deal. In a no deal scenario the government has guaranteed the full EU 2014-20 programme.

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