UK Shared Prosperity Fund

(asked on 11th May 2021) - View Source

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

To ask the Secretary of State for Housing, Communities and Local Government, if he will provide details of how the devolved administrations will be represented in the governance structures for the UK Shared Prosperity Fund.


Answered by
Luke Hall Portrait
Luke Hall
Minister of State (Education)
This question was answered on 18th May 2021

The UK Shared Prosperity Fund (UKSPF) will help to level up and create opportunity across the UK in places most in need, such as ex-industrial areas, deprived towns and rural and coastal communities, and for people who face labour market barriers.

It will operate UK-wide, using the new financial assistance powers in the UK Internal Market Act 2020. The Government intends to work with the devolved administrations to ensure this new power is used to best effect. We have demonstrated this commitment by confirming that the devolved administrations will have a place within the governance structures for the Fund.

The November 2020 Spending Review set out the main strategic elements of the UKSPF in the Heads of Terms. The Government will publish a UK-wide investment framework later this year and confirm funding profiles at the next Spending Review.

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