UK Shared Prosperity Fund
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14 Apr 22The government’s allocation of a post-Brexit funding pot was a missed opportunity to reform economic development allocations, with many regions receiving cuts, according to experts. -
11 Apr 22Regions across England could see a shortfall amounting to tens of millions of pounds compared to the European Union structural funding it replaces, according to reports. -
2 Mar 22Rishi Sunak has insisted the government is “exceeding” its promise to fully replace European Union funding after a parliamentary committee said a flagship development fund falls short of the money...
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4 Nov 21UK councils will have an additional three months to deliver projects from a post-Brexit funding pot, after the government yesterday announced the delayed allocations. -
28 Oct 21Experts are sceptical that £2.6bn announced in the 2021 Autumn Budget and Spending Review to replace European Union support will be enough to meet previous sums.
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18 Jan 21The UK Shared Prosperity Fund will be allocated by central government ministers, bypassing devolved administrations, according to Treasury chief secretary Steve Barclay.
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27 Nov 20A lack of clarity over who will direct place-investment through the proposed replacement for EU structural funding could cloud our hopes of economic recovery, argues Joe Fyans. -
26 Nov 20The government has announced it is to allocate £220m of pilot funding to the UK Shared Prosperity Fund next year, to help local areas prepare for the full launch of the fund.
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3 Nov 20The ongoing pandemic disruption combined with Brexit could overwhelm local authorities and devolved administrations, according to the Institute for Government.
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2 Oct 20The economic disruption caused by Covid-19 and Brexit could complicate the government’s “levelling up” agenda, according to the Institute for Fiscal Studies.
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17 Jan 20The government’s funding package to replace EU regional development funds needs to be at least £1.8bn a year, according to an umbrella group.
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24 Sep 19Growth and local investment is at risk if the government does not provide details of replacement EU funds for communities, council leaders have warned. -
1 Aug 19One hundred chief executives have written to Boris Johnson to call on him to create a “world-leading” fund to replace money that currently comes from the EU to help local areas grow.
