Still in development the Shared Prosperity Fund will to be the main replacement for both UK and former EU funding mechanisms. As part of the development of the Shared Prosperity Fund due to be launched in 2022 the Westminster Government has announced a Community Renewal Fund. “This Fund, which this prospectus outlines, will help support local areas to pilot imaginative new approaches and programmes that unleash their potential, instil pride, and prepare them to take full advantage of the UK Shared Prosperity Fund when it launches in 2022”: https://www.gov.uk/government/publications/uk-community-renewal-fund-prospectus/uk-community-renewal-fund-prospectus-2021-22

(40)