Allocation of the UK Shared Prosperity Fund

The Alliance has had a long-standing interest in European Union funding for nations, regions and local areas.

In Spring 2018, the Alliance published a revised series of recommendations on how the proposed UK Shared Prosperity Fund should take shape. You can download and read this document, here.

The Fund, promised in the 2017 Conservative Party manifesto, is expected to largely replace the European Regional Development Fund and European Social Fund in the UK after Brexit.

These funds currently bring in around £1.3bn a year to the UK, excluding match funding, and are a lifeline for local economies, particularly in disadvantaged areas.

Today, the Alliance publishes a paper setting out how the UK Shared Prosperity Fund could be allocated between areas in England.

You can download Allocation of the UK Shared Prosperity Fund by clicking here.

Jonathan Gibson