Shared Prosperity Fund

Lord Anderson of Swansea Excerpts

Thursday 24th March 2022 Lords Chamber

[Lord Greenhalgh (Con)]

My Lords, I will write to the noble Lord on that specific point with a very fulsome answer and I will lay a copy in the Library. I think it is fair to say that this is a problem not just for Wales: we need to ensure that we do not have these cliff edges—I used to call it “March madness”—where we rush to spend money. Certainly, we should be looking at ways of accruing expenditure to spend it a sensible way to get real value for money for the taxpayer. So, it is a point well made.

[Lord Anderson of Swansea (Lab)]

My Lords, is the Minister aware that our local authorities complain not only about the current confusion but about the limited timespan of the new scheme, which makes long-term planning more difficult?

[Lord Greenhalgh (Con)]

We recognise that, frankly, we have too many funds and that we have to find ways of bringing those funds together to ensure that processes are around delivery and not around grant farming. That is a direction of travel that my department recognises as something we need to improve on in the forthcoming years—but it takes time.