Mark Conrad Dan Peters Paul Marinko 26 September 2019

Core Cities' £28bn Shared Prosperity Fund warning

Core Cities £28bn Shared Prosperity Fund warning image

The proposed UK Shared Prosperity Fund (UKSPF) must be worth at least £28bn over seven years if the UK is to deliver its devolved policy objectives, a leading sector body has warned.

An analysis by the Core Cities group, which represents the 10 largest UK cities outside of London, concluded that the UKSPF must be worth at least £4bn a year until 2026 - double the current £2.1bn allocated annually through EU structural funds.

The study said the Core Cities – which include Manchester, Glasgow and Cardiff – must convince ministers that the size of the UKSPF should not be determined by previous levels of EU structural funding, but should instead reflect need, linked to the objectives of the industrial strategy and Government plans to reduce economic inequalities.

For more on this exclusive story, visit The MJ (£).

LGPS: Unlocking infrastructure image

LGPS: Unlocking infrastructure

Pension funds can play an important role backing useful projects such as railway infrastructure, water companies and green energy. Mark Whitehead met a man whose organisation invests local government pensions constructively.
Maximising tech spend image

Maximising tech spend

David Beggs calls on local government to take a much broader view of technology to get the most value from it.
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Public Property

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This issue of Public Property examines how public sector organisations can unlock the hidden value in their land, and why a new approach to construction could help boost the outcomes of the Government’s One Public Estate programme.

The December issue also considers why learnings from ancient cities could provide the key to promoting wellbeing in the modern built environment. It also contains a case study on how the London Borough of Westminster has provided high quality care for the elderly alongside a block of luxury apartments.

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