Context
The question arises from the need to encourage economic and social development across all regions of the UK, particularly focusing on areas that have been historically underfunded or neglected.
Question
What fiscal steps his Department is taking to encourage levelling up across the UK. I am concerned about ensuring every corner of the United Kingdom sees progress and improvement in their local communities through government investment.
Answer from Simon Clarke
The levelling-up White Paper set out a clear plan to level up every corner of the United Kingdom by 2030. At the spending review last autumn, the Government showed how we would deliver our ambitious plan by delivering over £600 billion in gross public sector investment over this Parliament. That includes £4.8 billion in increased investment in local communities through the levelling-up fund, £1.6 billion for the next generation of the British Business Bank's regional investment fund, and £2.6 billion for the shared prosperity fund.
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