Proposals for a UK Shared Prosperity Fund


Following on from its inquiry into regional policy – what next for Wales? the External Affairs and Additional Legislation Committee looked into the UK Government’s proposals for a UK Shared Prosperity Fund.

The UK Shared Prosperity Fund was intended to be a replacement for the European Structural and Investment Funds (ESIF) after Brexit.

Evidence gathering

On 2 May 2019 the Chair wrote to Metro Mayors, and Local Enterprise Partnerships (LEPs) in England; Westminster Select Committees; and counterparts in the devolved administrations in Scotland and Northern Ireland on behalf of the Committee, to seek their view of the proposals in order to identify any potential areas of mutual interest.

Questions put to the stakeholders included:

  • What are the principles that should underpin the new UK Shared Prosperity Fund?
  • How should funding allocations be made as part of any future fund?
  • How should any future fund operate to take account of the different devolved settlements across the United Kingdom?
  • What engagement have you had with the UK Government in relation to the UK Shared Prosperity Fund?
  • Are there any other issues in relation to replacing ESIF funding after Brexit that you would like to bring to our attention?

In total the Committee received 16 responses (PDF,4MB), which are published below.

Further work

On 25 June 2020 the Chair wrote (PDF, 216KB) to the Counsel General and Minister for European Transition to request a response to a number of questions surrounding the shared prosperity fund.

The Counsel General and Minister for European Transition responded (PDF, 356KB) on 20 July 2020.

Business type: Committee Inquiry

Reason considered: Senedd Business;

Status: Complete

First published: 03/07/2019