Wales: Replacement Funding

Lord Wigley Excerpts

Wednesday 3rd March 2021 Lords Chamber

[Lord Greenhalgh (Con)]

My Lords, we need to recognise the improvements of moving away from EU structural funds. This will allow for quicker delivery of funding, better targeting and better alignment with domestic priorities and will certainly be less bureaucratic and burdensome than the current EU structural funds arrangements.

[Lord Wigley (PC) [V]]

My Lords, the Minister will recall that the EU scheme for structural funds comprised two parts: the money that came from Brussels and match funding from the Treasury that had to be additional to normal spending programmes. Will he confirm that the UK Treasury will henceforward make available, additional to the Barnett-based block, two sums of money to be wholly administered by the Welsh Government, one corresponding to the EU allocated funding and the other to the match funding based on the additionality principle?

[Lord Greenhalgh (Con)]

My Lords, I cannot make specific funding commitments. However, I point out that as well as the UK shared prosperity fund we have talked about the additional funding of £220 million. There is also the levelling-up fund, which provides further opportunities for funding in the devolved Administrations. All of this will go to ensure that we deliver the levelling-up agenda between and within areas.