National Assembly for Wales

To propose that the National Assembly for Wales:

1. Notes:

a) that Wales receives around £370m every year in structural and investment funds as a result of the UK’s membership of the EU;

b) the promises made during the EU referendum that Wales would not lose a penny as a result of the UK leaving the EU;

c) the support of the National Assembly’s External Affairs and Additional Legislation Committee, Finance Committee, the All Party Parliamentary Group on Post-Brexit Funding for Nations, Regions and Local Areas and most stakeholders for future arrangements which respect the devolution settlement.

2. Regrets the lack of detail from the UK Government about its proposals for a UK Shared Prosperity Fund and that it failed to respect the devolution settlement in developing these proposals.

3. Rejects the idea of a centralised or UK-directed fund or one which seeks to bypass the devolved administrations post-Brexit.

4. Calls on the UK Government to:

a) fulfil the promise that Wales would not a lose a penny as a result of leaving the EU;

b) respect devolution and ensure Wales retains the autonomy to develop and deliver successor arrangements for structural and investment funds tailored to the distinctive policy, legislative and partnership landscape in Wales.