(3 years, 10 months ago)
Commons ChamberI can certainly assure the hon. Lady that the UK shared prosperity fund will help level up and create opportunity right across our country in the places that need it the most, be they ex-industrial areas, deprived towns or rural communities, and for people who face labour market barriers. It is going to operate UK-wide, using the new financial assistance powers in the United Kingdom Internal Market Act 2020. We will ramp up funding so that total domestic UK-wide funding will at least match receipts, reaching about £1.5 billion a year.
We will work both with the devolved Administrations and local communities to ensure that the UK shared prosperity fund supports citizens right across the country. We have demonstrated that commitment by confirming that the devolved Administrations will have a place within the governance structures for the fund.
Mr Speaker, that was a wonderful tribute to Julia and I really appreciate your making it. I associate myself with it and pass on my deepest condolences to her family. She will be sadly missed by the Scottish National party group at Westminster.
Will the Minister please explain when exactly we will learn what the mechanism will be for involving the Scottish Government in decisions about which people, communities and local businesses will receive the funding necessary to enable them to level up? Who will be the final arbiter? How much money will be available? When will the process begin?
The money is well known about, and we published the heads of terms document last year. Investment to replace EU structural funds will increase in each of England, Scotland, Wales and Northern Ireland next year, compared with this financial year, thanks to the funds that the Chancellor is putting in. We will ramp up total domestic UK-wide funding so that it will at least match EU receipts, reaching around £1.5 billion a year. Further details of the operation of the additional funding will be published soon, but in the meantime we will continue to engage with the devolved Administrations on the important additional funds.