The Shared Prosperity Fund

Part of 1. Questions to the First Minister – in the Senedd at 1:34 pm on 26 April 2022.

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Photo of Paul Davies Paul Davies Conservative 1:34, 26 April 2022

(Translated)

First Minister, as you are aware, the Finance Committee of the Senedd will be looking at the shared prosperity fund, and, as Chair of the Economy, Trade and Rural Affairs Committee, I want to make it clear that my committee will also be investigating these new funding arrangements and the impact of the arrangements on Wales, once the Finance Committee has reported on this issue. Now, you and your colleagues have stated clearly that you believe that Wales is £1 billion worse off as a result of these recent announcements. So, can you tell us how the Welsh Government has reached that figure of £1 billion, and will you publish an analysis and breakdown of how you've worked out that figure?