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To ask the Chancellor of the Exchequer with reference to the letter from his Department of 13 October 2011, reference 2/05396/2011, in response to the letter from the hon. Member for Hastings and Rye of 19 September 2011, reference AR/EOR/00483, on the Growing Places Fund, when he expects to announce further details of the scheme.
The Departments for Communities and Local Government and Transport will together contribute £250 million towards the Growing Places Fund. The remaining £250 million will be made available from the reserve. DCLG and DFT are currently developing the detail of Government's proposals, including how money will be allocated and the mechanism by which the fund will operate. A prospectus setting out details was published yesterday.