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Brexit Brexit Democracy Democracy Economy Economy

Match the size of EU funds in each nation via the UK Shared Prosperity Fund

Last updated 3 months ago

The UK Shared Prosperity Fund will be used to bind together the whole of the United Kingdom, tackling inequality and deprivation in each of our four nations. It will replace the overly bureaucratic EU Structural Funds – and not only be better targeted at the UK’s specific needs, but at a minimum match the size of those funds in each nation.

Conservative Party Manifesto 2019, p.44

Our verdict

  • This is a promise to replace ‘structural funding’, which was received from the EU until the UK’s exit, with money from a UK Shared Prosperity Fund, and to at least match the level of funding in each UK nation.
  • The March 2020 Budget promised that the July Comprehensive Spending Review (CSR) would set out further plans for the Fund, but the CSR was subsequently postponed with no future date announced.
  • Official planning for the UK Shared Prosperity Fund has not progressed in any measurable way, so this policy remains ‘not started’

There's always room for debate

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