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

To ask the Secretary of State for Housing, Communities and Local Government, what formula the Government plans to use to calculate the level of funding from the UK Shared Prosperity Fund allocated to each UK region.

The government recognises the importance of providing certainty and clarity on the UK Shared Prosperity Fund. As announced by the Prime Minister on 27 July, the government will bring forward plans on the fund. The government remains committed to consulting on the fund.

The UK Shared Prosperity Fund will operate across the UK. It will be part of this government’s commitment to levelling up our regions and enabling all places to benefit from economic prosperity, particularly those whose economies are furthest behind.

The government has been working closely with interested parties across the UK whilst developing the fund. It is only right that we take final decisions regarding its design, including its allocation, after a cross-government Spending Review.

UK government officials regularly discuss the UK Shared Prosperity Fund with their counterparts in the devolved administrations and the Northern Ireland Civil Service. The last meeting with representatives from all the devolved administrations was held on 2 October 2019.