Inquiry4

The Finance Committee conducted a short inquiry into funding following the UK’s exit from the EU.

The Committee published its report (PDF, 1283KB) on 10 October 2022. The Welsh Government and UK Government submitted their responses to the Committee’s report on 21 November 2022.

A plenary debate is scheduled to take place on 30 November 2022.

Terms of reference

The terms of reference were to consider:

• Progress in establishing and delivering replacement funds for EU structural funds, including;
• the UK Shared Prosperity Fund;
• the Community Renewal Fund; and
• the Levelling Up Fund.
• How the funding proposed for Wales and funding received via continued UK participation in EU programmes, compares to the funding received while the UK was a member of the EU.
• The mechanisms and structures being established to administer those funds in Wales, the roles of those involved, in particular the Welsh and UK Governments, and the consequent impact on accountability arrangements.
• The amount of legacy funding that Wales is due to receive following the UK’s exit from the EU and associated with EU structural fund programmes.

Consultation

The Committee issued a call for written evidence between 4 March 2022 – 1 May 2022.  You can access the responses on our consultation page.