UK Shared Prosperity Fund
(asked on 10th December 2024) - View Source
Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government whether they plan to calculate UK Shared Prosperity Fund allocations from 2026 using a needs-based formula or a population-based formula.
Answered by
Baroness Taylor of Stevenage
Parliamentary Under-Secretary (Housing, Communities and Local Government)
This question was answered on 20th December 2024
The Government will set out its long-term vision for local growth beyond 2025-26 at the multi-year spending review in the Spring. This will end the approach of local authorities and MCAs being forced to compete against each other for growth funds; target funding where it is most needed; and empower local leaders to create jobs, improve wages and get Britain building.