The Shared Prosperity Fund

Part of 1. Questions to the First Minister – in the Senedd at 2:19 pm on 16 March 2021.

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Photo of Mark Isherwood Mark Isherwood Conservative 2:19, 16 March 2021

Speaking in the House of Commons last month, the Parliamentary Under-Secretary of State for Wales said the amount of money that's going to be spent in Wales when the shared prosperity fund comes in

'will be identical to or higher than the amount of money that was spent in Wales that came from the European Union', and that the UK will continue to engage with the Welsh Government as they develop the fund's investment framework for publication. Speaking in a joint meeting of the Senedd's finance and external affairs committees last week, the Secretary of State for Wales said the funding being made available to Wales, underpinned by the 'not a penny less' guarantee, will provide opportunities for Wales to do even better than it has previously done in terms of funding streams, and that they're asking local authorities to join with stakeholders, their MSs, Welsh Government officials and with MPs to come up with really innovative ideas either as individual authorities or jointly with other authorities, and bid for the money available, where the lessons learned from this year will form the basis of the actual shared prosperity fund, which is a much larger package of money from the end of 2021 onwards. How will you engage with that and avoid, as you say we must, narrow, partisan and politically motivated approaches?