Spending review: £220m for UK Shared Prosperity Fund pilots

Local Government Chronicle:

The chancellor has announced that £220m will be allocated in 2021-22 to help local areas prepare for the introduction of the UK Shared Prosperity Fund.

The UKSPF will replace European Union structural funding following the UK’s departure from the EU. The withdrawal agreement between the UK and the EU keeps structural funding until the end of 2020, after which funding that has already been agreed will continue to be paid, but no more applications for funding can be made.

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