Source · Select Committees · Welsh Affairs Committee
Recommendation 7
7
Paragraph: 60
In the current changing economic circumstances, we are unable to recommend a headline figure for...
Recommendation
In the current changing economic circumstances, we are unable to recommend a headline figure for Wales’ allocation of the Shared Prosperity Fund. However, we call on the Government to honour its commitment to maintain at least the current levels of real-term funding and to carefully consider the arguments for increased spending. Given that the full effects of COVID-19 could be unknown for some time, it should monitor the current economic situation in Wales and adjust its allocation accordingly. Ministers should provide reassurance that multi-year funding will continue and work with the Welsh Government to give serious thought to the potential methods of calculating Wales’ funding requirements. They should update us with their thinking on the size of the Fund and means of allocation as soon as possible.
Paragraph Reference:
60
Government Response
A response document is linked to this report, dated 14 December 2020. Response attribution to this recommendation has not been verified. Read the response document ↗