Asked by: Robert Neill (Conservative - Bromley and Chislehurst)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, what progress has been made on the process for allocation of funding under the Shared Prosperity Fund.
Answered by Luke Hall - Minister of State (Education)
The November 2020 Spending Review set out the main strategic elements of the UK Shared Prosperity Fund in a Heads of Terms. Further details will be set out in a UK-wide Investment Framework to be published later this year and funding profile for the UK Shared Prosperity Fund will be set at the next Spending Review. The UK Government is providing an additional £220 million funding through the UK Community Renewal Fund to help local areas prepare for the launch of the UK Shared Prosperity Fund in 2022.