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Cllr Kevin Bentley, Chairman of the LGA’s Brexit Taskforce, responded to a report by IPPR on the Shared Prosperity Fund 

“Brexit cannot leave local areas facing huge financial uncertainty as a result of lost regional funding.

“The clock is ticking and we are running out of time to put in place a successor investment programme that works for local communities and businesses.

“Councils know their communities best and it is important that the Shared Prosperity Fund gives local areas more power and control over how funding is allocated and spent.

“Without a clear timetable of action, there is a risk that billions of pounds of investment into our communities will be lost and local areas and economies will be denied desperately-needed funding.” 

Report:  Regional funding after Brexit: Opportunities for the UK's Shared Prosperity Fund