Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether it is his policy to replicate the Structural Fund payments to Wales after the UK leaves the EU.

Under the draft Withdrawal Agreement, the UK will continue to participate in all 2014-2020 EU programmes until they close. In the unlikely event this agreement is not ratified, the government’s guarantee for EU-funded programmes will instead apply.

In the longer term the government has committed to create a UK Shared Prosperity Fund, which we intend to consult on later this year. Following this consultation, decisions on future funding will be taken in the round at the 2019 Spending Review.