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To ask the Secretary of State for Levelling Up, Housing and Communities, how much European Regional Development Fund money has been spent in Worcestershire in each of the last five financial years.
To ask the Secretary of State for Levelling Up, Housing and Communities, how much European Regional Development Fund money has been spent in Worcestershire in each of the last five financial years.
The table below sets out the money spent in Worcestershire arising from investments contracted to deliver activity specifically in the area.
| 17/18 | 18/19 | 19/20 | 20/21 | 21/22** | Total |
Worcestershire | £1,172,492 | £2,896,209 | £2,370,255 | £2,102,926 | £3,000,432 | £11,542,314 |
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| **only up to end Jan Q1 | |
Worcestershire will have also benefited from activity arising from contracts covering larger geographies. The Department’s ERDF database does not record spend from these contracts at local geographies such as Worcestershire.
To ask the Secretary of State for Levelling Up, Housing and Communities, how much Shared Prosperity Fund money he plans to allocate to Worcestershire in each of the next three financial years.
To ask the Secretary of State for Levelling Up, Housing and Communities, how much Shared Prosperity Fund money he plans to allocate to Worcestershire in each of the next three financial years.
All areas of the UK will be receiving an allocation from the Fund via a funding formula rather than a competition. This recognises 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 which will include allocations later in Spring 2022.