Published: 24th Sep 2019

Council leaders have warned investment in local areas is ‘at risk’ as uncertainty over the UK Shared Prosperity Fund (UKSPF) continues. The Local Government Association (LGA) has called on the government to publish its consultation on its plans for the UKSPF to give councils more certainty. The UKSPF is due to replace various regeneration funds from the EU after Brexit, but despite being first promised in the 2017 Conservative Party general election manifesto, details remain patchy about how it will work. The LGA has warned that without EU replacement funding local areas are not able to plan for longer term investment, which could see communities missing out on millions of pounds of additional private investment to support infrastructure projects. The chairman of the LGA’s Brexit taskforce, Cllr Kevin Bentley, said councils ‘deperately’ need long-term certainty. ‘A fully-funded, locally-driven UKSPF is central to improving people’s lives, supporting local businesses and boosting … (To read the full article, subscribe below)