UK Shared Prosperity Fund – What This Means for Scotland

That the Parliament agrees that the UK Government’s proposed arrangements for the UK Shared Prosperity Fund (UKSPF) are more restrictive than the EU Structural Funds and fail to offer the level of autonomy and influence that the Scottish Government experienced under the EU; believes that the Scottish Government must have an equal role in determining how these funds are used; notes with concern a cross-party report from the Treasury Committee, which estimates that the total value of the UKSPF up to 2024-25 is a 40% reduction on the amount that the UK received under EU structural funds from 2014 to 2020; calls on the UK Government to urgently confirm that Scotland’s allocation of the UKSPF matches its lost EU funding, as promised by the UK Government, given the absence of assurances in the Levelling Up white paper; believes that at least £183 million each year is required to deliver this, and calls for the UKSPF to be fully aligned behind the just transition to a net zero economy.