Last £1bn tranche of levelling up funding dished out
Nearly £1bn has been granted to 55 regeneration projects across the UK in the third and final tranche of the government’s £4.8bn levelling up funding.
The bulk of the grants, ranging up to £20m, will hand over £825m to kick-start regeneration in town centres, which have become the focus for government funding.
Levelling up secretary Michael Gove said: “Levelling up means delivering local people’s priorities and bringing transformational change in communities that have, for too long, been overlooked and undervalued.”
Nearly £1bn has been granted to 55 regeneration projects across the UK in the third and final tranche of the government’s £4.8bn levelling up funding.
The bulk of the grants, ranging up to £20m, will hand over £825m to kick-start regeneration in town centres, which have become the focus for government funding.
Levelling up secretary Michael Gove said: “Levelling up means delivering local people’s priorities and bringing transformational change in communities that have, for too long, been overlooked and undervalued.”
The winning bids were drawn from “the impressive pool” of those which narrowly missed out on funding in round two but were assessed as high-quality and able to deliver quickly. These include the regeneration of Wythenshawe town centre, where Savills is currently seeking a development partner for Manchester City Council.
Gove added: “This funding sits alongside our wider initiatives to spread growth, through devolving more money and power out of Westminster to towns and cities, putting in place bespoke interventions to places that need it most, and our Long-term Plan for Towns.”
A further £150m will be allocated to develop better transport links across the country.
Funding is spread across Britain, with schemes from Torbay in Devon to Dumfries and Galloway benefiting. Around £527m of the funding has gone to the North West, North East, Yorkshire and the Humber, and the Midlands.
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Image from Manchester City Council
