UK Shared Prosperity Fund

(asked on 29th March 2022) - View Source

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

To ask Her Majesty's Government what funding has been allocated to (1) Scotland, (2) Wales, and (3) Northern Ireland from the UK Shared Prosperity Fund in each year since its creation.


Answered by
Lord Greenhalgh Portrait
Lord Greenhalgh
This question was answered on 13th April 2022

Every place in the UK will receive a share of the UK Shared Prosperity Fund recognising that even the most affluent parts of the UK contain pockets of deprivation and need support.

UK-wide, funding for the UKSPF will ramp up to £1.5 billion per year by March 2025. Alongside commitments to support regional finance funds across the UK via the British Business Bank, this upholds the UK government's commitment to match EU structural fund receipts for each nation.

The Government will publish a full Prospectus on the fund including allocations shortly.

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