Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the impact of the capital/revenue split in the Local Growth Fund on local authorities in Wales.
The Local Growth Fund represents a significant change in the UK Government’s approach to local growth investment, with a greater focus on long-term capital investment to support economic growth. MHCLG has worked closely with the Welsh Government on the design and implementation of the Fund, through which Wales will receive £546.5 million during this Spending Review period to support transformational projects and create lasting jobs and opportunities across Wales.