Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 25
25
Deferred
Paragraph: 84
UK Shared Prosperity Fund's 3-year allocation causes difficulties for long-term programmes
Conclusion
One criticism of the UKSPF, which has been reiterated is that funding is only allocated for 3 years. In comparison, previous EU funding was allocated over 7 years. The shorter time frame for this replacement fund has caused difficulties for many organisations who require a longer term in which to achieve the interventions for which they are seeking funding.
Government Response Summary
The government notes the UKSPF's alignment with the three-year Spending Review cycle and states it will continue to consider feedback about longer-term funding allocations during preparations for the next Spending Review.
Paragraph Reference:
84
Government Response
Deferred
HM Government
Deferred
UKSPF is aligned with the Government’s three-year Spending Review cycle. As we work to prepare for the next Spending Review, we will continue to consider the feedback we have received that a longer-term allocation of funds would provide more certainty for delivery organisations and better outcomes for local places.