UK Shared Prosperity Fund: Northern Ireland

Northern Ireland Office written question – answered on 8th February 2022.

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Photo of Stuart Anderson Stuart Anderson Conservative, Wolverhampton South West

To ask the Secretary of State for Northern Ireland, what steps his Department is taking to help ensure that Northern Ireland receives an equitable share of funding allocated through the UK Shared Prosperity Fund following the UK's departure from the EU.

Photo of Conor Burns Conor Burns The Minister of State, Northern Ireland Office

The Secretary of State and I are working closely with our colleagues in the Department for Levelling Up, Housing and Communities on the design and delivery of the UK Shared Prosperity Fund in Northern Ireland. The Fund will make available a mixture of both revenue and capital funding to invest in local priority projects.

The funding will be allocated by formula rather than by competition, and the Government has pledged that it will at least match EU receipts. All allocations will be conditional on Government approval of investment plans. More detail on the allocation formula, including local allocations, will be made available in due course.

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