Capital Projects: Spending

Lord Watts Excerpts

Thursday 26th October 2023 Lords Chamber

[Baroness Swinburne (Con)]

The Government remain committed to fully funding and delivering our programmes to level up communities across the United Kingdom, including the full £11.5 billion budget for the affordable homes programme. In line with usual practice, some of the department’s budgets in 2022-23 were reprofiled into future years to reflect latest delivery plans. While all capital programmes have their own specific causes for delays, the challenging economic environment, including the housing market, inflationary pressures and supply-chain constraints, all contributed to the delivery delays last year. However, we remain fully committed to our housing targets.

[Lord Watts (Lab)]

Is it not the case that the Government’s announcements on levelling-up funds that will be spent refer to spending after the next general election, so there is no real commitment to new money for the north, as the Government have promised?

[Baroness Swinburne (Con)]

Bear with me on the length of my reply to this one, because I think it deserves it. On the contrary, we have already announced and begun to implement many of these projects, including 12 investment zones across the United Kingdom, the rollout of levelling-up partnerships, a further £161 million directly to mayoral combined authorities for 32 regeneration projects in city regions, 30 projects across the UK which will receive funds from the community ownership fund, grants for 16 regeneration projects, and two new trail-blazer devolution deals with direct money going to mayors of the West Midlands and Greater Manchester. Most recently, the Prime Minister has unveiled a further 55 towns that will benefit from a long-term £1.1 billion levelling-up investment. This pace and ambition demonstrate that, whatever the mechanics of government, we are delivering, and will deliver, on our levelling-up priorities.