NEWS

//Mayor acts on commitment to deliver post-Brexit funding

Published 14th September 2018 at 1:02pm

It was one of the priorities outlined in his manifesto, before being elected Mayor of the Sheffield City Region in May.

And now Mayor Dan Jarvis has acted upon his commitment to secure fair funding for our region post-Brexit.

As well as submitting evidence to the All-Party Parliamentary Group (APPG) for Post-Brexit Funding, making Sheffield City Region’s case for a fair share of the UK Shared Prosperity Fund, Mayor Jarvis is looking to get support from Metro Mayors across the North.

The Government intends that the UK Shared Prosperity Fund (UKSPF) will replace the money local areas currently receive from the European Union. A document setting out Mayor Jarvis’ priorities on how the UKSPF should be developed was submitted to the APPG today (Friday 14 September).

Dan Jarvis, Mayor of the Sheffield City Region, said: “As we get set to leave the European Union in March next year, it is critical that the Government reaffirm their commitment to devolution by giving elected Mayors control of a fair share of the money that used to be sent to Brussels”.

“I have therefore told the APPG that the Sheffield City Region should not receive a reduction in what they would have received if the UK had not voted to leave the European Union. I have written to other Metro Mayors in the North to call for their support and will be making the case in Parliament.

“Here in South Yorkshire, the economy is growing but we’re not yet closing the gap with other regions in the UK. It is critical that this gap does not widen post-Brexit and that, instead, the Government acts on its promise to use the UKSPF to reduce inequalities, making post-Brexit Britain a place where all communities and regions can prosper.”

In the evidence submitted to the APPG, Mayor Jarvis proposes that the annual UKSPF budget for England should be at least £3 billion per annum.  This funding would enable regions to drive inclusive and sustainable growth, boost productivity, tackle inequalities and reduce economic disparities in their communities.

The Mayor has also proposed that funding should be disproportionately targeted at places of need, which aligns with the Government’s objective of the UKSPF to reduce inequalities. Funding should be devolved as much as possible where local institutions, particularly Mayoral Combined Authorities (MCAs), are already in place.

Other priorities set out by the Mayor include providing regions with the autonomy to invest in locally-set priorities (as outlined in the Strategic Economic Plan and Local Industrial Strategy) rather than priorities defined by Government.

He also argues that the funds should be managed by Local Enterprise Partnerships or Combined Authorities. See the full submission online here.

 

Notes 

  • It is expected that the Government will formally consult on proposals later this year or in 2019. The Shared Prosperity Fund is also expected to include Local Growth Fund monies that are allocated on a competitive basis to Local Enterprise Partnerships.
  • Between 2014-2020 the Sheffield City Region received a European Structural Investment Fund allocation of £170m.
  • Between 2015-2021 the Sheffield City Region Local Enterprise Partnership received £362.9m in Local Growth Fund (LGF) money.
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