To ask the Secretary of State for Housing, Communities and Local Government, how much money from the Towns Fund is being diverted into the Levelling Up Fund.
This answer is the replacement for a previous holding answer.
15 March 2021
Towns will be able to benefit from the £4.8 billion Levelling Up Fund (LUF), which will invest in infrastructure that improves everyday life across the UK, including regenerating town centres and high streets, upgrading local transport, and investing in cultural and heritage assets. The LUF prospectus published at Budget provides guidance for local areas on how to submit bids for the first round of funding for projects starting in 2021-22.
As set out in the prospectus, proposals can be submitted for town centre and regeneration projects from individual or groups of smaller towns that did not receive investment from the Towns Fund.