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Delay over EU funding replacement is “bitterly disappointing”

The Local London region (Outer London North East and East) would have received around £1 billion from the European Union between 2021 and 2027 had the UK retained membership.

The Government has promised its UK Shared Prosperity Fund would replace all EU monies and promised a consultation in the latest spending review.

Today, the Chancellor delayed the consultation again.

Cllr Darren Rodwell, the Chairman of Local London, said:

“We are bitterly disappointed the Government has failed to announce its consultation into the UK Shared Prosperity Fund today. The UKSPF is meant to replace EU funding streams and a consultation has been promised for more than a year now. All we’ve had are delays and excuses. Those services and people which rely upon EU funding need reassurance and certainty.”

Chairman of Local London
Cllr Darren Rodwell, Chairman of Local London

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