"An assembly specified in the application dependencies manifest (Microsoft.NETCore.App.deps.json) was not found" error is thrown when creating a new project

How to reproduce:
1. Create and open a new project
2. Observe the Console

Expected result: No errors are seen
Actual result: Error is seen

Reproducible with: 2021.3.30f1

Reproducible on: Windows 10
Not reproducible on: No other environment tested

Notes:

• Error: An assembly specified in the application dependencies manifest (Microsoft.NETCore.App.deps.json) was not found:
  package: 'runtime.win-x64.Microsoft.NETCore.App', version: '5.0.3-servicing.21072.12'
  path: 'runtimes/win-x64/native/ucrtbase.dll'
• Not reproduced by CQA