Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if the Government will create a shared Prosperity Fund to replace EU economic aid.

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