Wefan Gymraeg

Clarity on Shared Prosperity Fund urgently needed

The Welsh Liberal Democrats have called on the UK government to urgently provide greater clarity on their proposed “Shared Prosperity Fund” as Brexit draws nearer.

Ahead of the 2017 snap general election, the Conservatives promised to establish a “Shared Prosperity Fund” to replace EU funding after Brexit. Months after the election, the UK Government has provided few details as to how substantial the fund will be and how it will be administered.

Rhys Taylor, Welsh Liberal Democrats Spokesperson for an Equal Wales said:

The Welsh Liberal Democrats have consistently warned of the damage to Wales of losing EU funding, these warnings have been echoed by organisations from the Farmers’ Union of Wales to the Equality and Diversity Forum. EU funding supports projects that increase equality, tackle disadvantage and discrimination and provide opportunity across Wales. We cannot allow Brexit to put these vital programmes at risk.

Jane Dodds, Leader of the Welsh Liberal Democrats commented:

It is becoming increasingly clear that instead of being a serious proposal for replacing EU funding after Brexit, the Conservative’s Shared Prosperity Fund is a mirage designed to maintain the illusion of a post-Brexit haven of public spending. The Conservatives continue to peddle this myth despite the fact we all know that Brexit will make Wales poorer.

Wales was promised it would not lose a penny after Brexit, this promise must be fulfilled. Funding from the Shared Prosperity Fund must be based on the levels of poverty and need in each area to ensure Wales doesn’t lose out. Of course, the best way to ensure this is to give the people the say on the final Brexit deal and the option to choose an exit from Brexit.

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