UK Shared Prosperity Fund

(asked on 24th February 2020) - View Source

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

To ask Her Majesty's Government when they will set out detailed plans for the (1) size, (2) geographical distribution, and (3) administrative implementation, of the UK Shared Prosperity Fund.


Answered by
Baroness Bloomfield of Hinton Waldrist Portrait
Baroness Bloomfield of Hinton Waldrist
Opposition Whip (Lords)
This question was answered on 9th March 2020

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 2019 Conservative Manifesto committed to targeting the UK Shared Prosperity Fund at the UK’s specific needs, and at a minimum match the size of European structural funds in each nation.

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

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