Regional Planning and Development: Finance

Department for Levelling Up, Housing and Communities written question – answered am ar 20 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Damien Moore Damien Moore Ceidwadwyr, Southport

To ask the Secretary of State for Levelling Up, Housing and Communities, whether his Department has made an assessment of the feasibility of reallocating unspent funds from Levelling Up funding rounds to finance further investment rounds for towns that were successful in Town Deal bids.

Photo of Jacob Young Jacob Young Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)

The UK Government is committed to levelling up across the whole of the United Kingdom to ensure that no community is left behind. We are investing over £15 billion in a suite of complementary Levelling Up projects to help grow the economy, create jobs, improve transport, provide skills training and support local businesses.

Each fund or initiative has clear aims, objectives and funding which have been designed and allocated as part of a joined-up approach.

The Government recognises that major regeneration projects take time to deliver with important processes involved before they come to fruition - from securing planning permission, to engaging architects and acquiring land.

Decisions on any possible underspends will be set out in the usual way.

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