Wales: Replacement Funding Debate
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Baroness Jolly
Main Page: Baroness Jolly (Liberal Democrat - Life peer)Department Debates - View all Baroness Jolly's debates with the Ministry of Housing, Communities and Local Government
Wales: Replacement Funding
Baroness Jolly Excerpts(3 years, 8 months ago)
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Lord Greenhalgh (Con)
My Lords, I underpin the commitment to collaborate very closely with the devolved Administrations. That is why they will be an important part of the governance structure of this new fund. The new fund gives us opportunities to improve on the funding approach used by the EU structural fund, not least because there are now only two layers of government that need to work closely together.
Baroness Jolly (LD) [V]
Will the Minister explain how EU funding for Cornwall will be replaced, given that Cornwall would have received around £600 million over the next seven years? Cornwall is still some way from being as prosperous as our south-west neighbours. When does the Minister expect the shared prosperity fund to be designed and funds made available for growth and investment?
Lord Greenhalgh (Con)
What applies to Cornwall will apply to other areas. Further details on the operation of the fund will be set out in the UK-wide investment framework for the UK shared prosperity fund that will be published in 2021. The funding profile for the UK shared prosperity fund will form part of the next spending review.