The Route to the UK Shared Prosperity Fund: Is it the Way Forward?

When the UK left the European Union, it left behind access to EU structural funding beyond 2020. Locally this is a loss of around £600 million per year. In the last few weeks, the UK Government launched its response - the UK Community Renewal Fund—a one-year pilot of distributing £220 million and which is meant to inform the design of the much-heralded UK Shared Prosperity Fund (SPF).