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Local Regeneration Fund

02 September 2025

Proposing MP
Alex Norris Lab Co-op
Nottingham North and Kimberley
Type
Written Ministerial Statement
Department
Ministry of Housing, Communities and Local Government
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At a Glance

Issue Summary

The government is consolidating three existing funds into a single Local Regeneration Fund to support local regeneration efforts with less bureaucracy.

Action Requested

The government is bringing together the MHCLG Levelling Up Fund, Town Deals and Simplification Pathfinders Pilot Funds into one pot of over £1 billion, providing local authorities with more flexibility in how they use the funds without needing central government approval. This change aims to reduce bureaucratic reporting and ensure faster delivery of projects.

Key Facts

  • The Local Regeneration Fund consolidates three existing funds: MHCLG Levelling Up Fund, Town Deals, and Simplification Pathfinders Pilot Funds.
  • The fund has a significant capital commitment of over £1 billion over the next two years.
  • Local authorities will have less bureaucratic reporting and more flexibility to adapt schemes to local needs without central government permission.
  • Projects already underway are expected to be completed within the timeline of the fund.
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