To ask the Secretary of State for Levelling Up, Housing and Communities, how much and what proportion of the Towns Fund has been spent as of 8 November 2022.
17 November 2022
The Towns Fund is made up of two major programmes: Town Deals and the Future High Streets Fund competition. As of November 2022, and as set out in relevant Grant Determination Letters, the Town Deals programme has spent over £670 million, or 29% of its budget, and the Future High Streets Fund has spent £481 million, or 58% of its budget. Payments are made according to the financial profiles submitted to us by places. All funding is due to be spent by March 2026.