The Shared Prosperity Fund

Part of 2. Questions to the Counsel General and Minister for European Transition (in respect of his European Transition responsibilities) – in the Senedd at 2:30 pm on 9 December 2020.

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Photo of Huw Irranca-Davies Huw Irranca-Davies Labour 2:30, 9 December 2020

I refer Members to my interest in the non-remunerated role in chairing the regional investment Wales steering group, but my question lies outwith the work of that group. I've received representations, Minister, from higher education sector representatives in Wales, with their concerns over the UK shared prosperity fund and the UK Government's proposals. And they note that the UK shared prosperity fund will start as a pilot programme, with a total of £200 million for the entire UK, whereas the Towns Fund for England, by contrast—England alone has been allocated £4 billion and established at pace. And they note the disparity between the Conservative Party pledge in the 2019 manifesto, saying that,

'The UK Shared Prosperity Fund will...tackling inequality and deprivation in each of our four nations.'

And,

'at a minimum'— these are the words—

'match the size of those funds in each nation.'

They do not understand the incongruity between the manifesto pledge and the details of the review. So, Minister, could you help us and our higher education institutions in Wales understand the clear incongruity between what was promised and what is now on offer?