Gross Domestic Product: Wales and the UK Debate

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Department: HM Treasury

Gross Domestic Product: Wales and the UK

Lord Livermore Excerpts
Thursday 6th July 2023

(1 year, 5 months ago)

Lords Chamber
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Baroness Penn Portrait Baroness Penn (Con)
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The classification of these matters is for the ONS, and I shall get the ONS to write to the noble Lord.

Lord Livermore Portrait Lord Livermore (Lab)
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My Lords, the Government’s approach to levelling-up funding has forced local authorities throughout the UK to compete in a process that lacks any published criteria. In the second round of allocations earlier this year, local communities across each of the four nations of the UK, including Wrexham, Moray, Bolsover and Belfast, each had bids rejected without any public explanation. Ahead of the third round of levelling-up funding, will the Minister work with ministerial colleagues, the devolved Governments and local authorities to improve the transparency of the bidding process so that cities, towns and villages across the UK can have access to funding that is both fair and seen to be fair?

Baroness Penn Portrait Baroness Penn (Con)
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Just to reassure the noble Lord with regard to Wales, in the first two rounds of the levelling-up fund, £330 million has been invested so far. That exceeds the commitment that 5% of those funds would be invested in Wales, but we always seek to improve our processes around those issues, and I shall happily commit to working with colleagues in the Department for Levelling Up to make sure that we build on the success that we have had so far with this fund.