This Government is committed to levelling up, and delivering the economic and social priorities to boost living standards across the UK. As part of this agenda, the following funds have been announced and more information is available on the gov.uk website: £4.8 billion Levelling Up Fund, £3.6 billion Towns Fund, £830 million Future High Street Fund, £220 million Community Renewal Fund that will help to shape the UK Shared Prosperity Fund and £150 million Community Ownership Fund.
Walsall will receive up to £42.6 million (£21.3 million Bloxwich, £21.3 million Walsall) as part of the Towns Fund, subject to approval of the full business case, and over £11 million from the Future High Street Fund. The West Midlands Combined Authority, the lead applicant, will receive over £5 million as part of the Community Renewal Fund, with direct and indirect funding benefit Walsall. The Levelling Up Fund is a competitive fund, with funding distributed to places across the UK based on successful project selection. Further detail on how future rounds of the Levelling Up Fund Fund and UKSPF will operate from 2022-23 onward will be set out in due course.