UK Shared Prosperity Fund

(asked on 30th July 2024) - View Source

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

To ask the Secretary of State for Housing, Communities and Local Government, if she will take steps to ensure the UK Shared Prosperity Fund allocations are protected from future budget cuts.


Answered by
Alex Norris Portrait
Alex Norris
Parliamentary Under-Secretary (Housing, Communities and Local Government)
This question was answered on 4th September 2024

The Government is committed to delivering economic growth across the country and is considering how to best fund long-term local funding in line with wider fiscal and economic priorities. We will begin setting these plans out Autumn Budget in October and at the Spending Review this spring.

We appreciate that those delivering UKSPF have an understandable desire for certainty about its future. We are giving full consideration to this matter, including the hard work undertaken on projects to date. We will continue to work closely with our key stakeholders and will utilise their feedback as we determine our approach going forward.

Decisions regarding funding beyond March 2025 are a matter for the next fiscal event.

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