Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, how much funding will be available for the (a) Towns Fund, (b) Future High Streets Fund, (c) Levelling Up Fund, (d) UK Community Renewal Fund and (e) Community Ownership Fund in financial year (i) 2021-22, (ii) 2022-23 and (iii) 2023-24.

We have now offered Town Deals to all 101 places that were invited to submit proposals as part of the Towns Fund, committing over £2.4 billion. This includes the accelerated funding provided to places last year. The exact funding distributed each year is subject to agreeing spend profiles with each town.

The Future High Streets Fund aims to renew and reshape town centres and high streets in a way that drives growth, improves experience and ensures future sustainability. In total, 72 places are sharing over £830 million of capital funding from the Future High Streets Fund, between January 2021 and March 2024, to deliver transformative projects which will support their towns and high streets to reopen and recover from the effects of the pandemic.

At the Spending Review, the UK Government committed an initial £4 billion for the Levelling Up Fund for England over the next four years (up to 2024-25) and set aside at least £800 million for Scotland, Wales and Northern Ireland. The UK Government will use the new financial assistance powers in the UKIM Act to make the Fund available to the whole of the UK, enabling all communities to receive the investment and support they need to recover from the pandemic. As such, up to £4.8 billion until 2024-25 will be available for the Fund across the UK, with at least £800 million invested in Scotland, Wales and Northern Ireland.

The Community Renewal Fund is a one year fund with a budget of £220 million. The UK Community Renewal Fund aims to support people and communities most in need across the UK to pilot programmes and new approaches and will invest in skills, community and place, local business, and supporting people into employment.

The Community Ownership Fund is a £150 million fund over four years to support community groups across England, Wales, Scotland and Northern Ireland to take ownership of assets which are at risk of being lost to the community.