This policy paper from the Department for Business, Energy & Industrial Strategy (BEIS) outlines the UK government’s position on the important considerations for future EU cohesion policy programmes (European Structural Funds), and reflections on key learnings from current and previous programmes.
‘Cohesion policy’ is the policy behind the hundreds of thousands of projects all over Europe that receive funding from European structural and investment funds – including the European Regional Development Fund (ERDF) and the European Social Fund (ESF).
The government has committed to establish a UK Shared Prosperity Fund (UKSPF), a domestic programme of investment which will replace EU structural funding when the UK leaves the European Union. It will consult on the design and priorities of the new fund later this year.
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