Holding answer received on 16 July 2020
The Government remains committed to creating the UK Shared Prosperity Fund to succeed European structural funds and provide vital investment in local economies. The fund will bind together the whole of the United Kingdom, tackling inequality and deprivation in each of our four nations.
We recognise the importance of this funding to local places. Through the UK Shared Prosperity Fund we have a real opportunity to design a fund that is driven by our domestic priorities. Final decisions on the design of the fund will be taken after a cross-government Spending Review.