To ask the Chancellor of the Exchequer, what estimate he has made of the total combined lifetime budget of the 2021-22 Local Growth Funding, the Future High Streets Fund, the Towns Fund, the Levelling-Up Fund and the Shared Prosperity Fund.
15 December 2020
The Spending Review prioritised investment to support growth across the country, including through the National Infrastructure Strategy and by setting out our priority areas to receive multi-year funding settlements. It also set out how we will make decisions differently to support levelling up, for example our changes to the Green Book will better link projects and programmes to government objectives. The specific programmes that you mention are one part of this wider strategy to support growth across the country, with budgets in 21/22 as follows: £621m for the Towns Fund, £600m for the Levelling Up Fund, and £220m to help local areas prepare for the introduction of the UK Shared Prosperity Fund. We will set out further funding allocations for later years at future SRs.