Scotland and the Shared Prosperity Fund
The RSE has submitted a response to the House of Commons Scottish Affairs Committee inquiry on Scotland and the Shared Prosperity Fund. This follows previous engagement with the Scottish Government on the future of the fund in Scotland, and a response to the Scottish Parliament Finance and Constitution Committee.
The response reiterates recommendations previously made by the RSE including:
- The development and administration of the SPF respect the devolution settlement with strategic guidelines agreed between the UK Government and the Devolved Administrations;
- Responsibility for the delivery of the SPF be transferred to the Devolved Administrations and their partners so that funding decisions can be made as closely as possible to the people, business and communities who will be impacted;
- The funding allocated to Scotland should be no less in value than the EU Regional Funding it replaces; and
- The allocation of overall funding initially reflects the present distribution (share and level) of EU expenditure between the four nations of the UK and should evolve according to need.