UK Shared Prosperity Fund: Northern Ireland
The question
To ask the Secretary of State for Housing, Communities and Local Government, how much funding her Department plans to provide through the UK Shared Prosperity Fund to projects in Northern Ireland in the 2024-25 financial year; and if she will take steps to ensure that further allocations are used to help tackle economic inactivity.
Answered by Alex Norris
The UK Shared Prosperity Fund provides £67.5 million for projects in Northern Ireland this financial year.
The Autumn Budget announced that the UK Shared Prosperity Fund, for which the previous government made no plans beyond March 2025, will be extended for 2025-26 at a reduced level of £900 million.
With this transitional arrangement, Northern Ireland will continue to benefit from investment next year in local growth, providing certainty of funding in advance of wider local growth funding reforms. This will provide the flexibility to deliver the most important local projects for Northern Ireland, including projects helping those at risk of being left behind.
My department will update the fund prospectus and confirm the Northern Ireland funding allocation for 2025-26 as soon as possible.
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