UK Shared Prosperity Fund

(asked on 17th January 2022) - View Source

Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Levelling Up, Housing and Communities, whether his Department has made an assessment of the impact of the end of EU funding on less developed regions in the UK; and if he will make it his policy to provide the equivalent amount of funding from the UK Shared Prosperity Fund when it is allocated in 2022.


Answered by
Neil O'Brien Portrait
Neil O'Brien
Shadow Minister (Policy Renewal and Development)
This question was answered on 25th January 2022

UK-wide funding for the UK Shared Prosperity Fund (UKSPF) will ramp up to at least match receipts from EU structural funds, which on average reached around £1.5 billion per year. Spending Review 2021 fulfils this commitment, with the announcement of over £2.6 billion for the UKSPF over the next three years, with funding reaching £1.5 billion in 2024-25.

The UKSPF will focus on restoring a sense of community, local pride and belonging across the country. The UKSPF will act as a primary lever in levelling up people and places in all parts of the UK to empower places to identify, and build on, their own strengths and needs at a local level.

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