Extract from Budget debate: Shared prosperity fund - Mar 17
Wednesday, 18 March 2020 08:17
Stephen Kinnock (Aberavon) (Lab):...If the UK Government are
serious about levelling up, steel simply must be front and centre
of that strategy. Without its steel backbone, the British economy
will not be able to stand up, let alone level up. There is still no
word on the UK shared prosperity fund which will replace
EU development funding from 2021. The clock is ticking, but there
is still no sign of the consultation on that fund, which the
Government promised at the end of 2018......Request free trial
(Aberavon) (Lab):...If the UK
Government are serious about levelling up, steel simply must be
front and centre of that strategy. Without its steel backbone, the
British economy will not be able to stand up, let alone level up.
There is still no word on the UK shared prosperity fund
which will replace EU development funding from 2021. The clock is
ticking, but there is still no sign of the consultation on that
fund, which the Government promised at the end of 2018...
(Merthyr Tydfil and Rhymney)
(Lab):...As my hon. Friend the Member for Aberavon () mentioned earlier, it was
alarming not to hear anything in the Budget statement about
progress on how EU development funding will be
replaced at the end of the year. There are just nine months to go
until the EU development funding programmes end and we have still
not had any information or clarity from the Government on how the
funding streams will be replaced, or any clarity on the proposed
shared prosperity fund. For months, Members from
all parties have called for clarity on the fund. The people of
Wales need answers. There is a gap of well over £300 million in EU
funds for the Government to fill. They cannot hide or kick the
issue into the long grass any longer. Our public services, local
authorities and businesses need assurance and must be given time to
prepare for the transition. I urge the Minister to give us clarity
and confirm that it will be “not a penny less, not a power lost,”
as we have been promised time and again...
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