UK Shared Prosperity Fund

(asked on 20th October 2021) - View Source

Question to the Northern Ireland Office:

To ask the Secretary of State for Northern Ireland, when he plans to announce proposals on how the UK Shared Prosperity Fund will be used to strengthen the Union.


Answered by
Conor Burns Portrait
Conor Burns
This question was answered on 26th October 2021

The UK Shared Prosperity Fund will help to level up and create opportunity across the United Kingdom.

It will operate UK-wide, using the new financial assistance powers in the UK Internal Market Act 2020. We will ramp up funding so that total domestic UK-wide funding will at least match EU receipts, on average reaching around £1.5bn a year.

The Spending Review 2020 set out the main strategic elements of the UK Shared Prosperity Fund in the Heads of Terms.  The Government will publish further details later this year and confirm its funding profile at the upcoming Spending Review.

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