The All-Party Parliamentary Group (APPG) on Post-Brexit Funding for Regions, Nations and Local Areas was established in June 2018.
The EU is presently one of the biggest financial contributors to local and regional economic development across the UK. In the 2014-20 spending round, around £1.3bn a year is coming to the UK from the European Regional Development Fund and the European Social Fund. The money is strongly targeted at the less prosperous parts of the country where it is often central to regeneration efforts.
In the wake of Brexit, this EU funding will disappear. The Westminster Government has promised to replace the EU funds with a new UK Shared Prosperity Fund but most of the details are yet to be worked out.
The aim of the APPG is to help shape the new UK Fund. Key questions that need to be addressed include:
· How much funding will be available?
· How will it be allocated across the country?
· What activities will be eligible for support?
· Who will take the decisions about how the money is spent?
At its inaugural meeting, the APPG initiated an inquiry into the proposed UK Shared Prosperity Fund, inviting written submissions from stakeholders across England, Scotland, Wales and Northern Ireland.
Follow the links below to:
· Officers of the Group
· Contact details
· EU funding to the UK nations, regions and local areas
· Report of the inquiry into the UK Shared Prosperity Fund
· Written submissions to the inquiry