To ask the Secretary of State for Housing, Communities and Local Government, whether support for R&D will be made available through the Shared Prosperity Fund.
11 September 2020
The Government understands the importance of local growth funding to places and people and is committed to creating the UK Shared Prosperity Fund to succeed European structural funds, providing vital investment in local economies, cutting out bureaucracy and levelling up those parts of the UK whose economies are furthest behind
The 2019 Conservative Manifesto committed to targeting the UK Shared Prosperity Fund at the UK’s specific needs, at a minimum matching the size of European structural funds in each nation. Final decisions on the design of the UK Shared Prosperity Fund will need to be made through a cross-Government Spending Review, and we will set out further plans for the fund in due course.