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Birmingham Post
Birmingham Post
Business
Owen Hughes

Shared Prosperity Fund will leave Wales with 'less money, and less say' than previous EU funding

UK Government unveiled its Shared Prosperity Fund this week with immediate claims it fails to match the money Wales would have received from the EU.

Communities in Wales will get £585 million of funding over the next three years in a move UK Government says will support 'levelling-up'. Of that £101m is already allocated for an adult numeracy programme, Multiply, which will support people with no or low-level maths skills get back into work.

But Welsh Government say Westminster has failed to keep a promise to match EU funds of £375m a year - with Wales left £1bn short over a five year cycle.

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