Source · Select Committees · Welsh Affairs Committee
Recommendation 14
14
As part of the Memorandum of Understanding that should underpin the Shared Prosperity Fund, the...
Conclusion
As part of the Memorandum of Understanding that should underpin the Shared Prosperity Fund, the UK and Welsh Governments ought to give serious consideration to the role that local government in the delivery of the Fund. Both the UK and devolved administrations should seek to learn the lessons of how joint working has been facilitated by and through the City and Growth Deals, and how those lessons could be applied to the Shared Prosperity Fund. In designing the fund, Ministers should consider the opportunities for how these Deals might complement the new funding arrangements. (Paragraph 82) Concluding remarks
Government Response
Acknowledged
HM Government
Acknowledged
Building on the successes of the City and Growth Deal model, local places across the UK will be able to shape UKSPF investment to reflect their needs. Places receiving funding will be asked to agree specific outcomes to target within the UK-wide framework. They will then develop investment proposals to be approved by UK Government among a representative stakeholder group. Officials in the Ministry of Housing Communities and Local Government and the Office of the Secretary of State for Wales have discussed the lessons learned from the experience of City and Growth Deals with officials in the Welsh Government and other Devolved Administrations. These discussions have highlighted how UK Government can work successfully with the Devolved Administrations and local authorities to invest in local communities across the UK. The UKSPF will complement City and Growth Deal funding, by providing additional investment for a wider range of activities. This will help to drive regional growth in communities across the UK.