The announcement that Liverpool will receive £52m from the government's post-Brexit 'shared prosperity fund’ has been described as ‘salt in the wound’ with the region being ‘short-changed’.
The UK Shared Prosperity Fund, which replaces money previously awarded by the European Union, will be shared across the UK and amounts to £2.5bn over the next three years. Announcing the plans, Levelling Up secretary Michael Gove said the money will “help spread opportunity and level up the country”.
But there are concerns the Government’s new funding pot will leave areas like Liverpool worse off compared to the support received from European Union funding streams, which it is replacing post Brexit.
