Designing the UK Shared Prosperity Fund
- Document type
- Tinker, Robert
- Joseph Rowntree Foundation
- Date of publication
- 8 October 2018
- Social Policy, Poverty Alleviation Welfare Benefits and Financial Inclusion, Employment
- Social welfare
- Material type
Download (134KB )
- The UK Shared Prosperity Fund should at least match the £2.4 billion a year that currently flows to communities across the UK as a result of EU Structural Funds. It must be additional to existing local growth funding and provide certainty for investment by using long-term funding cycles.
- The fund should be allocated on the basis of need and targeted according to the economic measures that matter for people’s living standards – the employment rate and earnings – and devolved to Scotland, Wales, Northern Ireland, and parts of England with strong governance arrangements.
- To promote inclusive growth and enable places to respond flexibly to local priorities, the fund should operate as a ‘single pot’, enabling capital and revenue streams to be co-ordinated, so that investments in enterprise, economic growth and good jobs can be combined with programmes to ensure that people on a low income are connected to new opportunities.
More from Social welfare collection
Related to Social Policy
This briefing considers the wider implications of Brexit and its potential impact on the voluntary sector
The first evidence-based briefing of how the outcome of the EU referendum on June 23 could affect people in poverty.The briefing pulls together existing evidence on work, housing, the economy
This report examines the benefits of EU social funds