To ask the Secretary of State for Housing, Communities and Local Government, whether the UK Shared Prosperity Fund will match existing financial support for research infrastructure, skills programmes and research intensive businesses provided by European Structural and Investment Funds.
This answer is the replacement for a previous holding answer.
11 January 2021
The UK Shared Prosperity Fund (UKSPF) will help to level up and create opportunity across the UK.
Funding for the UKSPF will at least match receipts from EU structural funds, on average reaching around £1.5 billion per year. Its funding profile will be set out 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.