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

To ask the Secretary of State for Levelling Up, Housing and Communities, what estimate he has made of the amount Wales will receive through the Shared Prosperity Fund in each of the next five years.

Wales has been allocated a total of £585 million from the UK Shared Prosperity Fund over this Spending Review period. This equates to £89 million in 2022/23, £153 million in 2023/24 and £585 million in 2024/25. I am pleased to say that this provides Wales with a real-terms match of funding previously received from the European Social Fund and European Regional Development Fund. We have published a full breakdown of the allocations on GOV.UK.

Funding after 2024/25 will be a matter for the next Spending Review.