UK Shared Prosperity Fund

Ministry of Housing, Communities and Local Government written question – answered on 2nd March 2021.

Alert me about debates like this

Photo of Stephen Farry Stephen Farry Alliance, North Down

To ask the Secretary of State for Housing, Communities and Local Government, what steps he is taking to ensure that a proportion of the Shared Prosperity Fund will be ringfenced for spending in each of the devolved regions; and whether such sums will reflect historic allocations of Structural Funds based on relative need rather than the Barnett Formula.

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 in places most in need, such as ex-industrial areas, deprived towns and rural and coastal communities, and for people who face labour market barriers.

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 2021 and confirm multiyear funding profiles at the next Spending Review.

Does this answer the above question?

Yes1 person thinks so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.