On 22nd May the Bishop of Portsmouth, Rt Revd Christopher Foster, received written answers to three questions about the UK Shared Prosperity Fund.
The Lord Bishop of Portsmouth: To ask Her Majesty’s Government when they intend to publish the consultation on the UK Shared Prosperity Fund.
Lord Bourne of Aberystwyth: The government announced in the Industrial Strategy white paper that we intend to launch a full public consultation on the UK Shared Prosperity Fund and we will do so later in the year.
Lord Bourne of Aberystwyth: The government knows the value of projects funded by the European Structural Fund to disadvantaged communities and individuals. We continue to develop the UK Shared Prosperity Fund, which will seek to reduce inequalities across the whole of the UK.
In the mean time the UK will remain in European Structural and Investment Funds until the 2014-20 programme closes, under the terms of the Joint Report made in December 2017.
This will ensure that local areas across the UK continue to have access to their notional allocations, providing the projects are aligned to domestic priorities and represent value for money and is subject to agreed performance and spend targets, under a business as usual approach.