Oral Answers to Questions

Debate between Preet Kaur Gill and Catherine McKinnell

Tuesday 2nd July 2019 Commons Chamber

[Preet Kaur Gill (Birmingham, Edgbaston) (Lab/Co-op)]

3. What progress the Government have made on establishing a shared prosperity fund.

[Catherine McKinnell (Newcastle upon Tyne North) (Lab)]

5. What progress the Government have made on establishing a shared prosperity fund.

[The Exchequer Secretary to the Treasury (Robert Jenrick)]

The Government will establish a UK shared prosperity fund to spread prosperity and opportunity across all four nations once we have left the European Union and the EU structural funds. The fund will seek to raise productivity, focusing on levelling up parts of our country whose economies are further behind. More details will be announced following the spending review, and the Government will consult widely on the funds.