PARLIAMENTARY WRITTEN QUESTION
UK Shared Prosperity Fund (23 January 2024)
Question Asked
Asked by:
Angela Rayner (Labour)
Answer
The UK Shared Prosperity Fund is a £2.6 billion fund for local investment by March 2025. All areas of the UK receive an allocation via a funding formula rather than competition.
We have delegated responsibility for delivering the UK Shared Prosperity Fund to local government. Therefore, it is for places to decide how they use their allocation and this will depend on locally identified priorities. Delivery and management of projects is undertaken at a local level and local authorities can decide when and how to publish on their projects. The department captures this information for fund management purposes.
Answered by:
Jacob Young (Conservative)
26 January 2024
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