Published: 7th Dec 2020

More than 40 MPs and peers have called on Boris Johnson to create a Community Wealth Fund to invest in the UK’s most ‘left behind’ places.  The letter signed by 41 politicians from both the House of Commons and Lords has called on the prime minister to ensure that 225 ‘left behind’ neighbourhoods in England do not miss out on benefiting from the government’s ‘levelling up’ agenda. It follows the chancellor’s announcement of a £4bn Levelling Up Fund in last month’s Spending Review. Members of the All-Party Parliamentary Group for ‘Left Behind’ Neighbourhoods are calling on the government to go further by implementing a series of specific proposals put forward by the Conservative MP, Danny Kruger, in his recent report. Among the recommendations to receive the backing of MPs is a plan to use £2 billion of dormant assets earmarked for local projects to create a new Community Wealth Fund targeted specifically at ‘left behind’ neighbourhoods. It forms the centrepiece of a new social contract in which local people are properly supported and empowered to play an active role in reinvigorating their own communities. This proposal is also … (To read the full article, subscribe below)