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Shared Prosperity Fund

Shared Prosperity Fund

The UK Shared Prosperity Fund is intended to replace the European Structural and Investment Fund (ESIF) after Brexit with an aim to “reduce inequalities between communities”.  Although the Government has not yet published its consultation on the Fund, a number of organisations have already made comments about the possible design. Although these vary in their emphasis (for example, the Welsh Government is strongly opposed to the idea of administering the Fund from Westminster), most organisations seem to agree that the level of funding should be at least maintained at its current level, it should largely be allocated based on need, and local authorities and partners should be closely involved.  Full report available here:

Download the full report: The UK Shared Prosperity Fund  PDF, 407.24 KB)