Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what plans he has to introduce a UK shared prosperity fund; how much such a fund will contain; to whom that funding will be made available; and how those eligible for funding will apply for access to that funding.

The government’s manifesto committed to create a UK Shared Prosperity Fund. Further details will be set out in due course. The government has provided a guarantee for all European Structural and Investment Fund projects signed before the UK leaves the European Union (EU) if they provide good value for money and are in line with domestic strategic priorities. This includes projects that continue beyond the UK’s departure from the EU.