The House of Commons has issued a Briefing Paper around The UK Shared Prosperity Fund (UKSPF), which will replace EU structural funding, now that the UK has left the European Union.
The UK government has pledged to launch the UKSPF in place of funding which regions previously received under the European Structural and Investment Funds (ESIF) programme – worth about £2.1 billion per year – as a member of the European Union.
The UKSPF aims to continue this work and provide funding to “reduce inequalities between communities”.
This briefing paper offers a background introduction to the UKSPF and its design, as well as offering opinions on its design and issues for consideration.
You can download the full briefing paper by clicking here.
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