Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Peter Gibson Excerpts
Tuesday 15th March 2022

(2 years, 1 month ago)

Commons Chamber
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Helen Whately Portrait Helen Whately
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We are making a substantial investment through the shared prosperity fund and other funds across the country. We have committed to ensuring that the shared prosperity fund will be at least as much as parts of the country received before through EU funding, and I am committed to the hon. Gentleman’s area just as much as to Cornwall and other parts of the UK.

Peter Gibson Portrait Peter Gibson (Darlington) (Con)
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11. What assessment he has made of the impact of the levelling-up fund on job opportunities and the economy across the UK.

Helen Whately Portrait The Exchequer Secretary to the Treasury (Helen Whately)
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By investing in local infrastructure, the levelling-up fund will strengthen local economies, boost job opportunities and improve the day-to-day lives of people across the UK. So far, we have committed £1.7 billion to 105 projects, and at the end of the month the Department for Levelling Up, Housing and Communities will publish its monitoring and evaluation strategy for the funding.

Peter Gibson Portrait Peter Gibson
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With £23.3 million invested through the towns fund, £105 million for Bank Top station and 1,700 civil service jobs coming to Darlington, we are a leading example of how the Government’s levelling-up agenda is benefiting communities in the north-east. The second round of the levelling-up fund will continue that work. Will my hon. Friend outline the timescales for the delivery of that round?

Helen Whately Portrait Helen Whately
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My hon. Friend is a fabulous campaigner for Darlington, as evidenced in all the funding that his local town has secured. I am a regular visitor to Darlington, as are my Treasury colleagues, and have seen those investments already making a difference. He asks about the second round of the levelling-up fund. It will open for business this spring, with further details to be published shortly.