Urban Areas: Finance

(asked on 30th June 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will introduce a cities fund to capitalise on the opportunities of cities and improve their local economies.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 9th July 2021

The Government is committed to levelling up opportunities across the UK. As set out in the Plan for Growth this includes renewing our commitment to the UK’s cities and backing them with funding including the £400m Brownfield Fund for Mayoral Combined Authorities, which will remediate land in city regions to deliver 26,000 homes. It also includes new intra-city transport settlements, which will invest £4.2bn from 22-23 for five year consolidated funding settlements for eight city regions. These London-style settlements will allow regions to invest in local transport projects that best serve the needs of the local area, enabling investment in local transport networks - including public and sustainable transport schemes.

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