(3 years, 5 months ago)
Commons ChamberThe UK shared prosperity fund will be the successor to EU structural funds, with decisions about how taxpayers’ money is spent being taken in the United Kingdom, rather than in Brussels. The £220 million community renewal fund, for which applications closed last week, will lead us up to publishing the shared prosperity fund prospectus later this year. We look forward to working directly with local authorities in Scotland on applications for the new UK shared prosperity fund. They know best what their communities need. This is real devolution in practice.
I thank my right hon. Friend for his answer. Can he assure me that Scotland and all the other coastal and rural areas of the United Kingdom, including all the way to my constituency in Cornwall, will get their fair share of shared prosperity funding, and will he ensure that the money is distributed in a fairer way, better tailored for our economy?
The Prime Minister has previously provided assurances that our plans to replace structural funds will at least match the figures of the EU funding. We are confident that will start with the community renewal fund this year, and will lead next year into the UK shared prosperity fund, as I mentioned earlier, in April 2022. That will reach £1.5 billion in total, and I can assure my hon. Friend that her area will be receiving its fair share.