Discover and read the best of Twitter Threads about #UKSPF

Most recents (5)

The UK Shared Prosperity Fund launches today - here’s a quick 🧵 on the main issues. 

1) the Conservative Party manifesto committed to setting up the UKSPF to replace EU funds lost to Brexit and that it would as “a minimum match the size of those funds in each nation”.

2) EU funds would have invested £10.85bn in the UK’s regions between 2021 and 2027, but the Government’s replacement fund has a much lower value.

2021 - £0
2022 - £400m
2023 - £700m
2024 - £1.5bn
2025 - unknown 
2026 - unknown
2027 - unknown

A gap of c.£8.25 billion. 🤦‍♂️

3) Focus at the launch will be on English region allocations.

For context EU Fund allocations in 2014-2020 were:

• Tees Valley £197m
• West Midlands £909m

NI, Scotland, Wales & Cornwall been promised the same as EU funds so less for other areas.


Read 7 tweets
Looking forward to what should be a very timely discussion on the IFS's latest research geographic inequalities in labour market outcomes & how this may present challenges for the Govt's #LevellingUp agenda #IFSEvents
First @PJTheEconomist and the @NuffieldFound's @markfranks give a brief overview of the IFS #DeatonReview into inequalities, and why the Nuffield Foundation gave the review its financial support #IFSEvents
Franks recognises that #LevellingUp will only be delivered if we focus on multiple factors of #inequalities - age, gender, education, public services, jobs - not just place #IFSEvents
Read 35 tweets
.@NeilDotObrien opens up the @ukonward Level Up event. Recognises that local governance has been something policymakers have been grappling with for many decades. And is something government are actively thinking about at the moment.
.@SimonClarkeMP is up next, reflecting on his time as a Minister working on the Devolution White Paper. Says that @BorisJohnson made the the point, when he was appointed, that #devo is central to the levelling up agenda.
He emphasises the importance of metro mayors. But also talks about an 'incomplete revolution' in devolution. There's still more to be done.
Read 46 tweets
The Government will publish the UK Internal Market Bill tomorrow.

It’s already controversial, in part due to today’s comments in Parliament, but also because the Devolved Administrations see it as a power grab.…
The #UKIM will establish a new “Office for the Internal Market” within the @CMAgovUK.

The exact powers of this body will be set out in the bill. However areas of oversight are stated in the press release to include consumer protection, food, animal welfare and the environment.
Not all powers repatriated from the European Commission are to be held in Westminster.

Under the UK Internal Market Bill, the Devolved Administrations will gain new powers in respect of
air quality, energy efficiency of buildings and elements of employment law.
Read 7 tweets
The United Kingdom Shared Prosperity Fund is intended to replace EU funds after #Brexit.

However the @thesundaytimes report the #UKSPF will be worth £10.5bn - that’s £900m less than the #ESIF allocation would be for 2021-2027. ImageImageImage
There may be a reasonable explanation for this. For example, perhaps the UKSPF will be spent over a 5 year programme rather than 6 years.
Interesting to see EU funding for certain activities being totted up ahead of the UKSPF announcement.

In this case, arts funding in Wales.… #UKSPF @addthis
Read 4 tweets

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