Levelling Up: Project Delivery - Question

Part of the debate – in the House of Lords am 11:38 am ar 23 Tachwedd 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Baroness Penn Baroness Penn Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities) 11:38, 23 Tachwedd 2023

I thank my noble friend for drawing out some of the positives of that report, as there were indeed some. He is right that, while we are keen to see the delivery impact of this investment as soon as possible, there have been some delays. For example, we have talked about inflationary pressures, so for the levelling-up fund, the prospectus for both rounds 1 and 2 said that we expected all funding provided to be spent by March 2024 and March 2025 respectively. However, those deadlines can be extended by one year on an exceptional basis. Similarly, for the future high streets fund, we have given a six-month extension for the spend deadline, taking it to 30 September next year, giving local places additional time to deliver their transformational projects.