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<p>The UK Shared Prosperity Fund is the Government’s manifesto commitment to reduce
inequalities between communities across our four nations by raising productivity,
once we have left the EU.</p><p>The Government recognises the importance of reassuring
local areas on the future of local growth funding once we have left the EU and providing
clarity on the UK Shared Prosperity Fund.</p><p>The Government has over the past year,
held 25 stakeholder engagement events across the UK with representatives from a breadth
of sectors, in order to aid policy development. The consultation will build upon these
conversations.</p><p>The Government has now reached agreement with the EU on an extension
until 31 October at the latest, with the option to leave earlier as soon as a deal
has been ratified. We believe that leaving with a deal is the best outcome and remain
focused on ensuring our smooth and orderly withdrawal from the EU. It is right, however,
that we also continue to prepare for all scenarios. Therefore, the Government continues
to review our approach to consulting on the UK Shared Prosperity Fund accordingly.</p><p>Government
has been working closely with interested parties across the UK whilst developing the
UK Shared Prosperity Fund and will consult widely.</p>
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