Rishi Sunak’s £4.8bn ‘levelling-up’ UK fund met with scepticism
Groups warn chancellor’s plan may pit local communities against each other
The government will launch a “levelling-up fund” for England worth £4bn to support towns and communities with regeneration projects, Rishi Sunak has said.
The chancellor used his spending review statement to announce details of the new funding package as part of Boris Johnson’s election promise to boost the economic prosperity of areas outside London and the south-east of England. Alongside the £4bn for England, there will be funding worth £800m for Scotland, Wales and Northern Ireland.