UK Shared Prosperity Fund

Ministry of Housing, Communities and Local Government written question – answered on 3rd February 2021.

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Photo of Steve Reed Steve Reed Shadow Secretary of State for Communities and Local Government

To ask the Secretary of State for Housing, Communities and Local Government, what the timetable is for the publication of details on the UK Shared Prosperity Fund.

Photo of Luke Hall Luke Hall Minister of State (Housing, Communities and Local Government)

The UK Shared Prosperity Fund (UKSPF) will help to level up and create opportunity across the UK for places most in need, such as ex-industrial areas, deprived towns and rural and coastal communities, and for people who face labour market barriers.

In addition, to help local areas prepare over 2021/22 for the introduction of the UKSPF, we will provide additional UK funding to support our communities to pilot programmes and new approaches.

The November 2020 Spending Review set out the main strategic elements of the UKSPF in the Heads of Terms.  The Government will publish a UK-wide investment framework in Spring 2021 and confirm multi-year funding profiles at the next Spending Review. Further details on the operation of the additional funding in 2021/22 will be published soon.

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