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UK Shared Prosperity Fund

Question for Ministry of Housing, Communities and Local Government

UIN 135924, tabled on 11 January 2021

To ask the Secretary of State for Housing, Communities and Local Government, whether the shared prosperity fund will equal existing financial support for (a) research infrastructure, (b) skills programmes and (c) research intensive businesses provided by European Structural and Investment Funds.

Answered on

18 January 2021

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. Spending Review 2020 set out the main strategic elements of the UKSPF in the Heads of Terms. The Government will publish a UK-wide investment framework in 2021 and confirm multiyear funding profiles at the next Spending Review.

Answered by

Ministry of Housing, Communities and Local Government