Published: 2nd Oct 2020

A cross-party group of MPs has criticised the government’s ‘lack of priority’ in delivering a replacement for EU regeneration funds in Wales. In a new report, the Welsh affairs select committee said ‘negligible’ progress has been made with the UK Shared Prosperity Fund, which is due to replace EU regeneration funds. The fund was first announced by the Conservatives in their 2017 general election manifesto, but details remain scant about how the fund will work or how much money will be allocated to it. The committee has called on the government to offer urgent reassurance on the Shared Prosperity Fund and to guarantee that there will be no cliff-edge end to EU funds from January 2021. The report also calls for a firm date for when substantive information about the fund will be made available. This includes what it will look like and how it will be funded and administered. … (To read the full article, subscribe below)