UK Shared Prosperity Fund

(asked on 5th June 2023) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, how much and what proportion of the Shared Prosperity Fund has been allocated in each year for which information is available; what proportion of that funding was allocated to science, research and development and innovation; and what information her Department holds on how that funding was spent in each region.


Answered by
Dehenna Davison Portrait
Dehenna Davison
This question was answered on 8th June 2023

Funding is confirmed for three financial years - £400 million for 2022-23, £700 million for 2023-24 and £1.5 billion for 2024-25, all local allocations can be found on GOV.UK.

Places have been empowered to identify and build on their own strengths and needs at a local level, which can include funding science, research and development and innovation related interventions under the 'supporting local businesses' pillar of the Fund. However, it will be for places to decide how much of their allocation they spend on science, research and development and innovation depending on their locally identified priorities.

Allocations are managed locally, but DLUHC will collect spend and performance data captured through routine reporting.

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