The Shared Prosperity Fund

Part of 1. Questions to the First Minister – in the Senedd at 1:38 pm on 2 February 2021.

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Photo of Mark Drakeford Mark Drakeford Labour 1:38, 2 February 2021

I thank Alun Davies for that, Llywydd. He's right to point to the reports that have been published recently. I was able to read at the weekend the Sheffield Hallam University's report on the impact of the coronavirus crisis on older, industrial Britain, dealing exactly with areas such as the one that Alun Davies represents here in the Senedd. And it does indeed demonstrate the vital importance of continued investment in those communities, of the sort that we have been able to draw down during the period when Wales has been able to deploy the funds that have come to us through the European Union. Now we see that being put into reverse. We get £375 million a year in structural funds and, as the Member will know, you can see the impact of those funds in so many aspects of the infrastructure of the Blaenau Gwent constituency.

The Welsh Affairs Select Committee, chaired by a Conservative Member, back in last year described the shared prosperity fund as having made negligible progress, no clarity as to what it will look like, how it will be administered nor how it will be funded. And when the UK Government responded to the Welsh Affairs Select Committee's report, the same Conservative chair said there are still major questions left unanswered—still no certainty of the size of the fund, the method of distribution, the share of the fund for Wales compared to EU funding, and what role, if any, devolved Governments can be expected to play in the fund's operation—and

'we do not consider this matter to be closed', the chair of the committee said. I'm quite sure that this Senedd doesn't regard it as closed either.