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Written question asked by Stephen Farry (Alliance) on Monday, 7 December 2020, in the House of Commons. It was due for an answer on Wednesday, 9 December 2020. It was answered by Luke Hall (Conservative) on Tuesday, 15 December 2020 on behalf of the Ministry of Housing, Communities and Local Government.


UK Shared Prosperity Fund

Question

To ask the Secretary of State for Housing, Communities and Local Government, how the Shared Prosperity Fund will be allocated across the UK.

Answer

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.

Funding for the UKSPF will ramp up so that total domestic UK-wide funding will at least match receipts from EU structural funds, on average reaching around £1.5 billion per year. The Government will publish a UK-wide investment framework in 2021 and will confirm its funding profiles at the next Spending Review.

To help local areas prepare over 2021-22 for the introduction of the UKSPF, the Government will provide £220 million additional funding to support our communities to pilot programmes and new approaches. This funding will be delivered UK-wide. Further details will be published in the new year.


Secondary information

Type
Written question
Reference
126180
Session
2019-21
Related items
UK Shared Prosperity Fund
Tuesday, 15 December 2020
Written questions
House of Commons
Subjects
UK Shared Prosperity Fund
Link
View this Written question on www.parliament.uk