Source · Select Committees · Welsh Affairs Committee
Recommendation 11
11
Paragraph: 74
There are differences of opinion as to where the precise balance of power and responsibility...
Conclusion
There are differences of opinion as to where the precise balance of power and responsibility should lie for the oversight and administration of the Shared Prosperity Fund. However, whether the UK Government takes on a commissioning role for, or fully devolves the administration of, the Fund, the Shared Prosperity Fund should be built upon the principle of cooperation and partnership between the UK Government, the devolved administrations and local government.
Paragraph Reference:
74
Government Response
Acknowledged
HM Government
Acknowledged
The UK Government intends to work with the Welsh Government and local communities to ensure that the UKSPF supports citizens in Wales. This includes engaging with local authorities and Devolved Administrations, as well as wider public and private sector organisations. We will also work closely with the Welsh Government on how best to use the additional funding to prepare for the introduction of the UKSPF. The Government will set out further details on the additional funding for 2021–2022 in a prospectus in the New Year and on the UKSPF in a UK-wide investment framework, which will be published in the spring.