Shared Prosperity Fund (Wales) Bill

Key Points

• It would require a formal Parliamentary report on the case for devolving management and administration of the Shared Prosperity Fund money allocated to Wales to the Welsh Government.
• The report would assess the merits of devolution before any transfer, rather than automatically transferring control.
• It concerns money Wales receives through the Shared Prosperity Fund, a post-Brexit fund for economic development and regeneration.
• The bill was introduced by Ben Lake (Plaid Cymru) and is at the Commons’ second reading stage.

Progress

The bill has completed its first reading and is at the second reading stage in the House of Commons. No further stages have been completed yet.