Levelling Up: Funding Allocation Debate
Full Debate: Read Full DebateBaroness Pinnock
Main Page: Baroness Pinnock (Liberal Democrat - Life peer)Department Debates - View all Baroness Pinnock's debates with the Ministry of Housing, Communities and Local Government
(1 year, 7 months ago)
Lords ChamberMy Lords, competitive funding can be a very effective tool for protecting value for taxpayers’ money. Competitions such as the levelling-up fund can also support fair and transparent awards of funds and drive innovation, but I understand my noble friend’s concerns and the Government have committed, within the levelling-up White Paper, to reducing the complexities of local government funding.
The Minister has just said that competitive funding is an effective way of accessing this funding pot. There were 525 bids in this latest round; only 111 were successful; that means 80% were not successful. Each bid is estimated to cost £30,000 to make; that is £12 million of hard-pressed council funding basically wasted on bids. Can the Minister not find a more effective way, such as devolving the money to local authorities, so that this money is not wasted when it is desperately needed?
My Lords, this is capital funding. There were 111 successful bids this time; before, there were 105 successful bids; and there will be a third round. If we added all this money and gave it to local authorities, I do not think there would be enough for the large infrastructure projects—projects that people are very happy to be delivering and projects that local authorities have put forward because they are important to their people. I think this is the way to do it.