PARLIAMENTARY WRITTEN QUESTION
UK Shared Prosperity Fund: Worcestershire (28 February 2022)

To ask the Secretary of State for Levelling Up, Housing and Communities, how much Shared Prosperity Fund money he plans to allocate to Worcestershire in each of the next three financial years.

Asked by:
Dame Harriett Baldwin (Conservative)

All areas of the UK will be receiving an allocation from the Fund via a funding formula rather than a competition. This recognises that even the most affluent parts of the UK contain pockets of deprivation and need support.

UK-wide, funding for the UKSPF will ramp up to £1.5 billion per year by March 2025. Alongside commitments to support regional finance funds across the UK via the British Business Bank, this upholds the UK government’s commitment to match EU structural fund receipts for each nation.

The Government will publish a full Prospectus on the Fund which will include allocations later in Spring 2022.

Answered by:
Neil O'Brien (Conservative)
9 March 2022