The Shared Prosperity Fund

Part of 1. Questions to the First Minister – in the Senedd at 2:01 pm on 13 November 2018.

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Photo of Carwyn Jones Carwyn Jones Labour 2:01, 13 November 2018

Well, the structure is there, of course. We've had years of dealing with European funds. The Wales European Funding Office and other departments are well used to dealing with this kind of funding structure. The shared prosperity fund is not of itself a bad idea. It's how much money will be available and how it is administered that we are troubled by. It's hugely important, as the Member himself, in fairness, has said, that this in effect replaces European funds in terms of the actual quantum available but that the responsibilities and rights of this Chamber and the Government are protected as the shared prosperity fund is developed. We'd prefer to be part of that conversation to make sure that the fund operates not just as far as Wales is concerned but works properly across the whole of the UK.