UK Community Renewal Fund Debate
Full Debate: Read Full DebateDepartment: Department for Levelling Up, Housing & Communities
Lord Flight
Main Page: Lord Flight (Conservative - Life peer)Department Debates - View all Lord Flight's debates with the Department for Levelling Up, Housing & Communities
UK Community Renewal Fund
Lord Flight Excerpts(2 years, 7 months ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Greenhalgh (Con)
I know that is why the question has been asked, but it is simply not the case. Levelling up is around infrastructure—digital infra- structure, heavy infrastructure, transportation systems and the things that will bind this country together. I have a briefing today about the community renewal fund, which is the precursor to the UK shared prosperity fund. This is not about the politics you saw in Tammany Hall in New York; this is sensible stuff that aims to level up this country.
Lord Flight (Con)
My Lords, who administers the community renewal fund and how is it financed?
Lord Greenhalgh (Con)
The UK community renewal fund will ultimately be financed by the taxpayer, although it is the successor to the EU structural funds. It is important to test things out with the community renewal fund, so that we get it right when we introduce the shared prosperity fund, which will be worth over £2.6 billion over the next three years.