Select Committee · Welsh Affairs Committee

Wales and the Shared Prosperity Fund

Status: Closed Opened: 11 Feb 2020 Closed: 14 Dec 2020 13 recommendations 7 conclusions 1 report

The Welsh Affairs Committee has launched an inquiry into the proposed UK Shared Prosperity Fund. The fund is earmarked to replace European Structural and Investment Funds (ESI) that puts £375 million into the Welsh economy each year. Read the key points in an interactive summary of our report

Clear

Reports

1 report
Title HC No. Published Items Response
4th Report: Wales and the Shared Prosperity Fund: Prioriti… HC 90 2 Oct 2020 20 Responded

Recommendations & Conclusions

3 items
2 Recommendation 4th Report: Wales and the Shared Prosp… Accepted in Part

The UK Government must urgently work with the devolved governments of Wales, Scotland and Northern...

The UK Government must urgently work with the devolved governments of Wales, Scotland and Northern Ireland to agree priorities for the Shared Prosperity Fund and to co-create the details regarding how the Fund will work. It must provide evidence of progress being made in October ahead of finalising arrangements during … Read more

Government response AI summary
The government commits to working with devolved administrations and local communities on the UKSPF and states that EU structural fund investment will be higher in 2021-22, with additional funding provided for 2021-22; however, it does not explicitly guarantee no cliff edge specifically regarding COVID-19 response …
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Wales Office
6 Recommendation 4th Report: Wales and the Shared Prosp… Accepted in Part

The UK Government has repeatedly committed to ensuring Wales does not lose out as a...

The UK Government has repeatedly committed to ensuring Wales does not lose out as a result of the switch from European Structural Funds to the Shared Prosperity Fund and the evidence overwhelmingly states that Wales should not end up worse off, particularly in light of COVID-19. A needs-based formula is … Read more

Government response AI summary
The government accepts the recommendation in part, committing to matching current EU receipts, ensuring the UKSPF operates over multiple years, and targeting places most in need; however, the specific needs-based formula and detailed funding profile will be set out at the next Spending Review.
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Wales Office
19 Recommendation 4th Report: Wales and the Shared Prosp… Accepted in Part

Given the publication of the UK Government’s Internal Market Bill, it is all the more...

Given the publication of the UK Government’s Internal Market Bill, it is all the more urgent that clarity and detail is provided about the Shared Prosperity Fund. However designed, the expertise gained in administering structural funds should not be lost, and Ministers must embrace a partnership approach that draws upon … Read more

Government response AI summary
The government commits to embracing a partnership approach by working and engaging with devolved administrations, local communities, and other organisations to ensure the UKSPF supports citizens, and states further details regarding preparatory funding will be published.
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Wales Office

Correspondence

4 letters
DateDirectionTitle
25 Jan 2021 To cttee Letter from the Secretary of State for Wales, re UK Shared Prosperity Fund, 22 …
25 Jan 2021 To cttee Letter from the Counsel General and Minister for European Transition, Welsh Gov…
23 Jun 2020 To cttee Letter from the Minister for Regional Growth and Local Government in response t…
11 Jun 2020 To cttee Joint letter from Select Committee Chairs to Secretary of State for Housing, Co…

Meetings & visits

1 item
DateTypeDetail
10 Mar 2020 Formal meeting · The Wilson Room, Portcullis House