Regional Planning and Development
The question
To ask the Secretary of State for Housing, Communities and Local Government, what process his Department plans to use to allocate funding following the end of UK Shared Prosperity Fund in regions and counties without an elected mayor.
Answered by Miatta Fahnbulleh
The UK Shared Prosperity Fund will conclude in March 2026. Looking ahead, the government is introducing a long-term approach to local growth, providing sustained and predictable support for local authorities through the Local Government Finance Settlement and complemented by targeted interventions designed to drive local growth and strengthen communities.
The recent Spending Review provided over £5 billion of new grant funding over the next three years for local services that communities rely on, including £3.4 billion of new grant funding through the Local Government Finance Settlement for 2026-27 to 2028-29.
In addition, a new Local Growth Fund will target 11 mayoral city regions in the North and Midlands with the greatest potential for productivity catchup and agglomeration.
Further, the Pride in Place programme is providing up to £5bn over 10 years to support 244 places across the country, helping build strong, resilient and integrated communities in areas that experience the most entrenched social and economic challenges.
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