UK Shared Prosperity Fund

Ministry of Housing, Communities and Local Government written question – answered on 1st December 2020.

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Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

To ask Her Majesty's Government what assessment they have made of the UK Shared Prosperity Fund.

Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

To ask Her Majesty's Government when they will establish the UK Shared Prosperity Fund.

Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

To ask Her Majesty's Government what funding they will allocate annually to the UK Shared Prosperity Fund; and what proportion of such funding will be given to each of the devolved administrations.

Photo of Lord Greenhalgh Lord Greenhalgh Minister of State (Housing, Communities and Local Government), The Minister of State, Home Department

The UK Shared Prosperity Fund (UKSPF) will help to level up and create opportunity across the UK for people and places.

Funding for the UKSPF will ramp up so that total domestic UK-wide funding will at least match receipts from EU structural funds. Its funding profile will be set out at the next Spending Review.

To help local areas prepare over 2021-22 for the introduction of the UKSPF, the Government will provide additional funding to support our communities to pilot programmes and new approaches. Further details will be published in the new year.

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