The shared prosperity fund will replace EU funding following Brexit (Jane Barlow/PA) Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up UK Government ministers are “parking their tanks” on areas of devolved competence, MSPs have been told. Scottish trade minister Ivan McKee railed against the Shared Prosperity Fund, a Westminster initiative to replace structural funds from the EU that will allow UK ministers to spend money on devolved areas. He claimed the UK Government is engaged in an “assault” on devolution.