Replacement for European Structural Funds
Meeting Scotland’s distinctive needs and priorities.
Plans for a Scottish replacement for European Structural Funds after the EU exit have been published.
The new Scottish Shared Prosperity Fund (SSPF) will aim to ensure Scotland’s distinctive needs and priorities are met, with a key focus on addressing and reducing economic and social disparity.
Regional partners will play a key role in the SSPF – leading on allocation of funding and programme development for their area.
Trade Minister Ivan McKee said he expects the UK Government to transfer full control over replacement funding to the Scottish Government.
He said: “EU Structural Funds have been key to Scotland’s economic development over the past 40 years, investing more than £5.6 billion into a wide range of projects.
“The proposals we are publishing for a Scottish Shared Prosperity Fund have been produced following 12 months of consultation and with the support of an expert Steering Group. We will now go on to develop the fund, involving key partners, especially local authorities. And we will continue to press the UK Government for full replacement of all lost EU funds – Scotland must receive at least £1.283 billion for a replacement seven year programme for 2021–2027."