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UK Shared Prosperity Fund

Question for Ministry of Housing, Communities and Local Government

UIN 172040, tabled on 19 March 2021

To ask the Secretary of State for Housing, Communities and Local Government, what progress has been made on the process for allocation of funding under the Shared Prosperity Fund.

Answered on

29 March 2021

The November 2020 Spending Review set out the main strategic elements of the UK Shared Prosperity Fund in a Heads of Terms. Further details will be set out in a UK-wide Investment Framework to be published later this year and funding profile for the UK Shared Prosperity Fund will be set at the next Spending Review. The UK Government is providing an additional £220 million funding through the UK Community Renewal Fund to help local areas prepare for the launch of the UK Shared Prosperity Fund in 2022.