Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what criteria were used to assess and score bids under the Growth Mission Fund.

The Growth Mission Fund was announced at the Spending Review in June 2025 and is now fully allocated. It was designed to support local economic growth through job creation, regeneration, heritage maintenance and local growth initiatives, with flexibility to fund projects that missed out on previous and current funding programmes.

All projects undergo due diligence and require a full business case. The responsible department reviews business cases to ensure compliance with the Treasury’s Green Book, the Government’s recommended framework for developing business cases and ensuring value for money.