UK Shared Prosperity Fund

Ministry of Housing, Communities and Local Government written question – answered on 22nd July 2019.

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Photo of Mike Amesbury Mike Amesbury Shadow Minister (Work and Pensions) (Employment)

To ask the Secretary of State for Housing, Communities and Local Government, which projects currently in receipt of EU funding will continue to receive the same level of funding under the UK Shared Prosperity Fund in the event that the UK leaves the EU without a deal on 31 October 2019.

Photo of Jake Berry Jake Berry Parliamentary Under-Secretary (Housing, Communities and Local Government), Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Chancellor announced in August and October 2016 that the Government will guarantee EU projects agreed before we leave the EU, to provide more certainty for UK organisations over the course of EU Exit. In July 2018, the Chief Secretary laid a Written Ministerial Statement (HCWS926) extending this guarantee to provide further stability for UK organisations in a ‘no-deal’ scenario.

The guarantee now covers all projects that would have been funded by the EU under the 2014-2020 programme period, including all European Regional Development Fund projects.

The Government recognises the importance of reassuring local areas on the future of local growth funding once we have left the European Union and we will consult widely on the design of the UK Shared Prosperity Fund.

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