Levelling-up Fund

Treasury – in the House of Commons on 15th March 2022.

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Photo of Peter Gibson Peter Gibson Conservative, Darlington

What assessment he has made of the impact of the levelling-up fund on job opportunities and the economy across the UK.

Photo of Helen Whately Helen Whately The Exchequer Secretary

By investing in local infrastructure, the levelling-up fund will strengthen local economies, boost job opportunities and improve the day-to-day lives of people across the UK. So far, we have committed £1.7 billion to 105 projects, and at the end of the month the Department for Levelling Up, Housing and Communities will publish its monitoring and evaluation strategy for the funding.

Photo of Peter Gibson Peter Gibson Conservative, Darlington

With £23.3 million invested through the towns fund, £105 million for Bank Top station and 1,700 civil service jobs coming to Darlington, we are a leading example of how the Government’s levelling-up agenda is benefiting communities in the north-east. The second round of the levelling-up fund will continue that work. Will my hon. Friend outline the timescales for the delivery of that round?

Photo of Helen Whately Helen Whately The Exchequer Secretary

My hon. Friend is a fabulous campaigner for Darlington, as evidenced in all the funding that his local town has secured. I am a regular visitor to Darlington, as are my Treasury colleagues, and have seen those investments already making a difference. He asks about the second round of the levelling-up fund. It will open for business this spring, with further details to be published shortly.