Regional Planning and Development

Treasury written question – answered on 1st February 2022.

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Photo of Robin Millar Robin Millar Conservative, Aberconwy

To ask the Chancellor of the Exchequer, what progress his Department has made in levelling up all regions of the UK.

Photo of Helen Whately Helen Whately The Exchequer Secretary

Levelling up is our defining mission. It was the golden thread running through the Autumn Budget and Spending Review.

We are supporting businesses to thrive through expanded British Business Bank programmes, including a £130 million new investment fund in Wales.

We are supporting local infrastructure with £121 million for 10 projects in Wales through the first round of the Levelling Up Fund. And we are launching the over £2.6 billion UK Shared Prosperity Fund.

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