Published: 25th Nov 2020

The chancellor has announced plans for a £4bn Levelling Up Fund for England, as part of today’s (25 November) Spending Review. Speaking in parliament earlier, Rishi Sunak announced a series of measures, which he said would deliver a ‘once-in-a-generation investment in infrastructure’. These include a new £4bn Levelling Up Fund for England, which will also attract up to £0.8bn for Scotland, Wales and Northern Ireland. ‘Any local area will be able to bid directly to fund local projects,’ said Mr Sunak. ‘The fund will be managed jointly between the Treasury, the Department for Transport and the Ministry of Housing, Communities and Local Government – taking a new, holistic, place-based approach to the needs of local areas. ‘Projects must have real impact. They must be delivered within this parliament. And they must command local support, including from their member of parliament.’ According to Treasury documents, the new fund will be open to … (To read the full article, subscribe below)