Wales: Replacement Funding
Debate between Lord Greenhalgh and Baroness Randerson(3 years, 9 months ago)
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Lord Greenhalgh (Con)
My Lords, we are committed to working with the devolved Administrations. In fact, there have been 26 engagement events, attracting more than 500 representatives, all about the UK shared prosperity fund. Sixteen of those events took place in the devolved Administrations and I am sure Ministers will be meeting representatives of the devolved Administrations in due course.
Baroness Randerson (LD) [V]
My Lords, in 2019 the Conservative manifesto promised that the shared prosperity fund would, at a minimum, match the size of EU structural funds in each nation. In the last six years, Wales received £400 million a year in ESI funds. That is £123 per person on average. I ask the Minister again—to give him the opportunity to confirm today—to say that the Government will be keeping their promise to Wales and that this funding will be specifically identifiable over and above current UK sources of funding.
Lord Greenhalgh (Con)
My Lords, again, we need to see the publication of the investment framework but I can commit to saying that the overall envelope of funding will be at least the amount that we receive from EU structural funds of around £1.5 billion per year.