European Regional Development Fund

Ministry of Housing, Communities and Local Government written question – answered on 2nd April 2019.

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Photo of Nick Smith Nick Smith Opposition Whip (Commons)

To ask the Secretary of State for Housing, Communities and Local Government, what Department plans he has to replicate the infrastructure investment priorities of the European Regional Development Fund once the UK leaves the EU structural funds.

Photo of Jake Berry Jake Berry Parliamentary Under-Secretary (Housing, Communities and Local Government)

The Government will create the UK Shared Prosperity Fund once we have left the European Union. The UK Shared Prosperity Fund will strengthen the foundations of productivity as set out in our modern Industrial Strategy to support people to benefit from economic prosperity. This new Fund will ensure that investments are targeted effectively to align with the challenges faced by places, creating a fresh opportunity to focus investment according to our own priorities. We are continuing to work on the design and priorities and we will consult widely on the UK Shared Prosperity Fund. This will give all interested parties the chance to contribute their views to Government. Final decisions are due to be made during the Spending Review.

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