B

Baroness Smith of Llanfaes (PC)

Speaking in the House of Lords on 4 December 2024

Debate

Shared Prosperity Fund: Wales

Contribution

My Lords, at present, Wales gets 23% of the shared prosperity fund. If the SPF is included in local government funding in England, this risks money being redirected through the Barnett formula. Will the Minister agree that a needs-based formula is better than a population-based formula for funding?

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