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

To ask the Secretary of State for Housing, Communities and Local Government, with reference to paragraph 4.39 of HM Treasury's document entitled Spending Review 2025, published on 12 June 2025, what her planned timetable is for completing the transition from the UK Shared Prosperity Fund; and whether the new local growth fund will be devolved in full or partially.

UKSPF was committed for a further transition year in 2025-26. From 2026-27, the government is providing targeted, long-term local growth funding to support growth across the UK, completing the transition from the UK Shared Prosperity Fund.

This includes establishing a new local growth fund, including a 10-year capital settlement from 2026-27 to 2035-36 for specific mayoral city regions in the North and Midlands with the highest productivity catch-up and agglomeration potential.

Further detail on the fund and how it will operate will be set out in due course.