Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, whether the Spending Review 2027 will consider follow-on monies to the Local Growth Funds that are presently slated to end in March 2029.
In the Rewiring the State Cabinet Statement in July, which can be found here, the government set out that the way regional government is funded will be overhauled, starting by replacing grants from central government with a share of local income tax for every mayor beginning in 2028, such that where a region grows its tax base, it benefits from the increased receipts. Decisions on any future Local Growth Funding will be made within this approach and ultimately decided at a future Spending Review.