Wales: Replacement Funding Debate
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Baroness Finlay of Llandaff
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Wales: Replacement Funding
Baroness Finlay of Llandaff Excerpts(3 years, 9 months ago)
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Lord Greenhalgh (Con)
My Lords, I am afraid I cannot give that assurance but we will continue to ramp up funding so that the total UK-wide funding will at least match EU receipts of, on average, around £1.5 billion per year.
Baroness Finlay of Llandaff (CB) [V]
During the passage of the Internal Market Bill in both Houses, Ministers committed to collaborate closely with the devolved Administrations, not simply to have them represented. Will the previous £375 million of EU structural funds now be built into the shared prosperity fund allocation to Wales, and will the Welsh Government’s framework for regional investment, which has been developed through extensive local consultation, be respected?
Lord Greenhalgh (Con)
My Lords, I note the points made by the noble Baroness but I think we need to wait for the UK investment framework that underpins the shared prosperity fund for those sorts of details.