UK Shared Prosperity Fund

(asked on 1st May 2020) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, what the timeline is for the implementation of the Shared Prosperity Fund.


Answered by
Simon Clarke Portrait
Simon Clarke
This question was answered on 12th May 2020

The Government has committed to creating a UK Shared Prosperity Fund to succeed European structural funds and bind together the whole of the United Kingdom, tackling inequality and deprivation in each of our four nations. The Government recognises the importance of reassuring local areas on the future of local growth funding and of providing clarity on the UK Shared Prosperity Fund.

Final decisions on the design of the fund will need to be taken after a cross-Government Spending Review. In the meantime, we will continue to work closely with interested parties whilst developing the fund.

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