The Shared Prosperity Fund lasts until March 2025
Belfast Council is to write to Angela Rayner and Hilary Benn to ask for assurances that a key “levelling up” fund will continue after its cut-off point next year.
READ MORE:Botanic Christmas Ice Experience event decision reversed amid pressure from local community groups The Fund has replaced EU money since Brexit, and this has been a particular source of contention in Northern Ireland. Within Northern Ireland, the UK Shared Prosperity Fund provides £126,854,145 of new funding for local investment to March 2025.
“This council further notes with concern that the current funding period for the Fund is set to conclude in April 2025, with no clear indication of its future beyond this date. The uncertainty surrounding the continuation of this vital funding threatens to disrupt the progress made in addressing the long-standing disparities faced by our communities.”
“ provide immediate clarity on the future of the UK Shared Prosperity Fund post April 2025, and ensure that any future funding arrangements are at least equal to, if not greater than, the current levels of support provided by the Fund.
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