Replacement of EU funds

Meeting: 
MQT on 2019-06-20
Session date: 
June 20, 2019
Reference: 
2019/12158
Question By: 
Andrew Dismore
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Have you received any further information from the Government about London’s share of the UK Shared Prosperity Fund, which is due to replace EU funding after Brexit?

Answers

Answer for Replacement of EU funds
Replacement of EU funds

Replacement of EU funds

Answered By: 
The Mayor

April’s parliamentary Housing, Communities and Local Government Select Committee report recommendation relating to the UK Shared Prosperity Fund echoed my own concerns about the Fund’s purpose and its delayed implementation. The recommendation suggested:

‘The Government must .. publish the promised consultation… within two weeks from 12 April. Funding levels.. must match or exceed the equivalent levels of EU funding which is currently provided to local government. This must be allocated .. taking account of what individual areas currently receive from EU structural funds as well as what they would have been entitled to in the next EU funding period if the UK had remained a member.’

In its response to the report published on 4 June, the government reconfirmed its intention to consult on the Fund, without providing timescales. It stated that final decisions would be taken following the spending review.