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<p>We will create the UK Shared Prosperity Fund (UKSPF) following our departure from
the European Union. The new fund will tackle inequalities between communities by raising
productivity, especially in those parts of our country whose economies are furthest
behind.</p><p>We know that places require certainty of funding after we leave the
European Union. The draft Withdrawal Agreement guarantees the UK will continue to
take part in the 2014-2020 EU programmes until they end. We continue to plan for all
scenarios, including a no deal, in which, the government has extended this guarantee
for the full EU 2014-20 programme. This provides certainty and clarity in the event
of a no-deal and allows for a smooth transition to a domestic replacement.</p><p>We
will continue to engage widely ahead of a public consultation intended for later this
year, providing all interested parties with an opportunity to convey their views.
This will inform decisions on the operation and allocation of the UKSPF, which will
be subject to the 2019 Spending Review.</p>
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