‘An outrage’: Tories’ post-Brexit fund will not match EU grants until 2025

Shared Prosperity Fund criticised as ‘serious blow to levelling up’, with poorest regions predicted to lose out on millions

A government fund designed to replace EU grants lost due to Brexit has been criticised as “nothing more than an outrage” that will leave English regions tens of millions of pounds worse off than when Britain was in the EU.

The Conservative’s 2019 manifesto promised “at a minimum” to match the average EU subsidy of about £1.5bn a year to help the most deprived parts of the UK.

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