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The UK Shared Prosperity Fund

Image areaImage to come to topof picture boxAuthor 1 | Author 2 Alex Nice | Akash Paun | Dan HallIfG ANALYSIS | DEVOLUTIONThe UK Shared Prosperity FundStrengthening the union or undermining devolution? About this reportThis paper looks at the UK government s plans to replace EU structural funds with a new UK Shared Prosperity Fund. It assesses how this fund will interact with the devolution arrangements in Scotland, Wales and Northern Ireland, how the devolved governments could and should be involved in its operation, and what role the new fund plays in the UK government s strategy to strengthen the union. @instituteforgov 20213 CONTENTSC ontentsSummary 4 Introduction 8 How have EU structural funds worked across the UK?

replace EU structural funds with a new UK Shared Prosperity Fund. It assesses how this fund will interact with the devolution arrangements in Scotland, Wales and Northern Ireland, how the devolved governments could and should be involved in its operation, and what role the new fund plays in the UK government’s strategy to strengthen the union.

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