Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what methodology his Department used to calculate the £1.5 billion per year that will be required for the UK Shared Prosperity Fund to match EU Structural Funds; and if he will publish that calculation.

The UK Shared Prosperity Fund (UKSPF) will help to level up and create opportunity across the UK for people and places.  

Funding for the UKSPF will ramp up so that total domestic UK-wide funding will at least match receipts from EU structural funds, on average reaching around £1.5 billion per year. Its funding profile will be set out at the next Spending Review.

£1.5 billion is the average annual investment from EU Structural Funds (including ERDF, ESF and ETC) over the previous EU funding round.