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Uk Shared Prosperity Fund

Ministry of Housing, Communities and Local Government written question – answered on 11th May 2020.

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Photo of Nick Smith Nick Smith Labour, Blaenau Gwent

To ask the Secretary of State for Housing, Communities and Local Government what his plans are for the consultation on the Shared Prosperity Fund.

Photo of Simon Clarke Simon Clarke Minister of State (Housing, Communities and Local Government)

The Government has committed to creating the UK Shared Prosperity Fund as the successor to EU structural funds. The fund will bind together the whole of the United Kingdom, tackling inequality and deprivation in each of our four nations. The Government recognises the importance of reassuring local areas on the future of local growth funding now we have left the European Union, and of providing clarity on the UK Shared Prosperity Fund. Government officials have held 25 engagement events across the UK, attended by over 500 representatives from a breadth of sectors, which has helped inform progress on policy design. Government looks forward to continuing to work closely with partners as we develop the fund.

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