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<p>The government knows the value of projects funded by the European Structural Fund
to disadvantaged communities and individuals. We continue to develop the UK Shared
Prosperity Fund, which will seek to reduce inequalities across the whole of the UK.</p><p>In
the mean time the UK will remain in European Structural and Investment Funds until
the 2014-20 programme closes, under the terms of the Joint Report made in December
2017.</p><p>This will ensure that local areas across the UK continue to have access
to their notional allocations, providing the projects are aligned to domestic priorities
and represent value for money and is subject to agreed performance and spend targets,
under a business as usual approach.</p>
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