Source · Select Committees · Treasury Committee
Recommendation 12
12
Paragraph: 78
The Government stated that the UK Shared Prosperity Fund will be the successor to the...
Conclusion
The Government stated that the UK Shared Prosperity Fund will be the successor to the EU Structural Investment Funds. However, the Government is only providing to this new fund 60 per cent of the money provided by the EU fund. If the new fund is intended to be one of “the centrepieces” of the Government’s ambition, Autumn Budget and Spending Review 2021 45 it is surprising that the size of the fund is being reduced to such an extent. The Government will need to demonstrate how these reduced funds will achieve their defined metrics for levelling up.
Paragraph Reference:
78
Government Response
A response document is linked to this report, dated 2 March 2022. Response attribution to this conclusion has not been verified. Read the response document ↗