Wales and the Shared Prosperity Fund

Welsh Affairs Committee Closed Inquiry
Opened: 11 Feb 2020 Closed: 14 Dec 2020 Parliament page
The Welsh Affairs Committee has launched an inquiry into the proposed UK Shared Prosperity Fund. The fund is earmarked to replace European Structural and Investment Funds (ESI) that puts £375 million into the Welsh economy each year. Read the key points in an interactive summary of our report
13 Recommendations
7 Conclusions
1 Report
4 Letters
1 Event
Activity timeline 7 events
25 Jan
2021
Correspondence
25 Jan
2021
Correspondence
14 Dec
2020
Report published
2 Oct
2020
Report published
23 Jun
2020
Correspondence
11 Jun
2020
Correspondence
10 Mar
2020
Formal meeting · The Wilson Room, Portcullis House
Title HC No. Published Items Response
4th Report: Wales and the Shared Prosperity Fund: Priorities fo… HC 90 2 Oct 2020 20 Responded
Recommendations & Conclusions
3 results
Clear
2 Recommendation Accepted in Part
4th Report: Wales and the Shared …
The UK Government must urgently work with the devolved governments of Wales, Scotland and Northern...
The UK Government must urgently work with the devolved governments of Wales, Scotland and Northern Ireland to agree priorities for the Shared Prosperity Fund and to co-create the details regarding how the Fund will work. It must provide evidence of … Read more
Government Response
The government commits to working with devolved administrations and local communities on the UKSPF and states that EU structural fund investment will be higher in 2021-22, with additional funding provided for 2021-22; however, it does not explicitly guarantee no cliff edge specifically regarding COVID-19 response funding beyond January 2021 or agree to the specific October/November deadlines for co-creation.
Wales Office
View details
6 Recommendation Accepted in Part
4th Report: Wales and the Shared …
The UK Government has repeatedly committed to ensuring Wales does not lose out as a...
The UK Government has repeatedly committed to ensuring Wales does not lose out as a result of the switch from European Structural Funds to the Shared Prosperity Fund and the evidence overwhelmingly states that Wales should not end up worse … Read more
Government Response
The government accepts the recommendation in part, committing to matching current EU receipts, ensuring the UKSPF operates over multiple years, and targeting places most in need; however, the specific needs-based formula and detailed funding profile will be set out at the next Spending Review.
Wales Office
View details
19 Recommendation Accepted in Part
4th Report: Wales and the Shared …
Given the publication of the UK Government’s Internal Market Bill, it is all the more...
Given the publication of the UK Government’s Internal Market Bill, it is all the more urgent that clarity and detail is provided about the Shared Prosperity Fund. However designed, the expertise gained in administering structural funds should not be lost, … Read more
Government Response
The government commits to embracing a partnership approach by working and engaging with devolved administrations, local communities, and other organisations to ensure the UKSPF supports citizens, and states further details regarding preparatory funding will be published.
Wales Office
View details
Government Response AI assessment · 20 of 13 classified
Accepted 9
Accepted in Part 3
Acknowledged 7
Not Addressed 1
Total 13 recs + 7 conclusions
Correspondence 4 letters
25 Jan 2021 To committee Letter from the Secretary of State for Wales, re UK Shared Prosperity Fund, 22 January 21
Parliament page
25 Jan 2021 To committee Letter from the Counsel General and Minister for European Transition, Welsh Government, re Wales and the Shared Prosperity Fund, 11 January 21
Parliament page
23 Jun 2020 To committee Letter from the Minister for Regional Growth and Local Government in response to joint letter from Select Committee Chairs re the Shared Prosperity Fund, 19 June 20
Parliament page
11 Jun 2020 To committee Joint letter from Select Committee Chairs to Secretary of State for Housing, Communities and Local Government re the Shared Prosperity Fund, 5 June 20
Parliament page