Designing a Shared Prosperity Fund
This report presents research on how the Government’s proposed UK Shared Prosperity Fund can invest in places that have been left behind by economic change, putting into practice the idea of ‘inclusive growth’.
What you need to know
- After Brexit, the UK will lose access to £2.4 billion from European Union (EU) Structural Funds (including associated match funding).
- The UK Government has proposed a new fund – the UK Shared Prosperity Fund – to replace these funds, using money returned from the EU.
- The UK Shared Prosperity Fund should be targeted, flexible, devolved and designed to promote inclusive growth.