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# Business leaders hoping Chancellor’s plan will provide replacement for European funding
- URL: https://lichfieldlive.co.uk/business-leaders-hoping-chancellors-plan-will-provide-replacement-for-european-funding/
- Published: 2020-11-26T09:21:33.000Z
- Updated: 2020-11-26T09:22:36.000Z
- Description: Business leaders say they are hopeful the Chancellor’s plans will offer a long-term replacement for European funding for projects across Staffordshire.
- Author: Lichfield Live
- Tags: Business, #wp, #wp-post, #Import 2026-07-22 18:14, News

Business leaders say they are hopeful the Chancellor’s plans will offer a long-term replacement for European funding for projects across Staffordshire.

![Rishi Sunak](https://storage.ghost.io/c/e3/90/e390c3da-0866-4d2a-8ffe-ca4999d7ce1c/content/images/lichfieldlive-co-uk/wp-content/uploads/2020/06/rishisunak.jpg)

Rishi Sunak

The Stoke-on-Trent and Staffordshire Local Enterprise Partnership (LEP) said they were pleased Rishi Sunak had allocated £1.5billion to the Shared Prosperity Fund.

LEP chair Alun Rogers said:

> “Our LEP, like those across the country, needs a commitment from the Government of a long-term funding settlement which will enable us to pursue the projects we have set out to grow our economy as we come out of the pandemic period.   
>  
> “We therefore welcome the announcement from the Chancellor that the Shared Prosperity Fund will be allocated £1.5billion for the next year.  
>  
> “This is critical in replacing European funding which has supported numerous major projects in our area in recent years.  
>  
> “In Stoke-on-Trent and Staffordshire, all of the partners involved in our LEP have pulled together to outline our priorities and curated a list of projects which have been analysed by our sub-groups. These total in the region of £150million.   
>  
> “We have done the hard work and are poised to lead on Stoke-on-Trent and Staffordshire’s economic recovery post-pandemic.  
>  
> “We look forward to further information from the Government so that we can work together to deliver on our priorities imminently.”  
>  
> Alun Rogers