Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, what the Government's policy is on ensuring that funding under the UK Shared Prosperity Fund is comparable to the funding provided under EU Structural Funds.
The UK Shared Prosperity Fund will help to level up and create opportunity across the UK.
Funding for the UK Shared Prosperity Fund will at least match receipts from EU structural funds, on average reaching around £1.5 billion per year. Its funding profile will be set out at the next Spending Review.
To help local areas prepare over 2021-22 for the introduction of the UK Shared Prosperity Fund, we are providing additional funding through the UK Community Renewal Fund to support our communities to pilot programmes and new approaches.