Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will make an assessment of whether there will be any gap in funding for UK universities during the transition from EU structural and investment funds to the UK Shared Prosperity Fund.

The Government made a manifesto commitment to use the EU structural and investment fund money returning to the UK after the UK leaves the EU to create a UK Shared Prosperity Fund.

In October 2016 the Chancellor confirmed that HMT would guarantee funding for all multi-year ESIF projects signed ahead of the point at which the UK leaves the EU. Funding will be honoured provided that the relevant government department considers the project to provide good value for money and be in line with domestic strategic priorities.