Published: 19th Nov 2020

The mayor of the Sheffield city region has called on the government to extend the Local Growth Fund, which is due to expire next year. Dan Jarvis said the fund has ‘helped change the face of our region’ and unlocked £500m private sector investment in South Yorkshire’s economy. However, it finishes at the end of March 2021. Last year, a cross-party group of MPs warned the government was considering merging the Local Growth Fund with the planned UK Shared Prosperity Fund (UK SPF) as part of a Westminster ‘power grab’. Details on both the future of the Local Growth Fund and the UK SPF have been thin on the ground, although an announcement may be made, as part of the chancellor’s spending review next week, on 25 November. Mr Jarvis has also called on the government to fund a Renewal Action Plan, so the mayor, local authorities and businesses can … (To read the full article, subscribe below)