Wednesday, 20 April 2022

Newspaper column 21 April 2022 - The Shared Prosperity Fund

 

I hope you all had a good Easter and were able to spend some time with loved ones over the extended weekend. Thank you to everyone who continued working through this period too.

Last week it was a pleasure to welcome the Transport Minister to both Falmouth and Truro this week to discuss Cornwall’s new transport plan, electric vehicle charging points, e-bikes and car clubs!

Transport in Cornwall will be excellent and carbon neutral. Our transport system will connect people, communities, businesses and services in a way that enhances quality of life, is reliable, efficient, safe, healthy and inclusive.

We trialled e-bikes in Falmouth, and spoke about car clubs and electric vehicle charge points in Truro. The Minister understood the challenges we have in rural areas with connectivity, but the new Cornwall Transport Plan will be revolutionary for Cornwall.

As well as showing the Minister some key features of our constituency, last week also saw the long-awaited announcement of the funding from Shared Prosperity Fund, the Government’s replacement for European Structural Funds following Brexit.

The Government has confirmed that Cornwall and the Isles of Scilly will receive a £132million share of £2.6 billion of funding that has been allocated.

The UK Shared Prosperity Fund will see places that need it most draw up plans this year to deliver on their local priorities, based on a conditional allocation of funding over the next three years. This could include regenerating rundown high streets, fighting anti-social behaviour and crime, or helping more people into decent jobs - helping to revive communities, tackle economic decline and reverse geographical disparities in the UK.

The funding delivers on the UK government’s commitment to match the previous EU funding from the European Social Fund and European Regional Development Fund. However, the fund will be much more flexible and locally led, freeing communities from the bureaucratic, rigid and complex processes of the EU Structural Funds.

Bureaucracy will be slashed, and there will be far more discretion over what money is spent on. EU requirements for match funding, which impacted on poorer places, will be abolished. Instead of regional agencies, funding decisions will be made by elected leaders in local government, with input from local members of parliament and local businesses and voluntary groups.

The Government has always been clear that its replacement funding for the previous EU structural funds would not leave areas any worse off, and today’s announcement proves this.

In fact Cornwall, with its allocation £132million from the Shared Prosperity Fund, has more money per head from this fund than any local authority area in England.

I have been told time and time again by people, businesses and organisations in Truro and Falmouth that a real issue with the previous EU funding was how difficult it was to access and how funding allocated for Cornwall was often targeted at the wrong areas. The UKSPF will improve on this. It will be fit for purpose, administered locally and better targeted, so better value for all.

I am already making representations to Cornwall Council to ensure that Falmouth in particular is prioritised for future plans for this money and will be doing all I can to ensure the UKSPF makes a positive difference for ours and future generations across Cornwall.

As ever, if you need my assistance with anything then my team and I are here to help. Please get in touch with me by email at Cherilyn.mackrory.mp@parliament.uk , or by telephone on 01872 229698. My regular constituency advice surgeries are held in a covid-safe environment at my office, so please do get in touch should you wish to meet me about any matters that I can be of assistance with.

 

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