Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Spending Review 2025, published on 11 June 2025, what is the required evidential base behind funding from the Growth Mission Fund.

The government is establishing a Growth Mission Fund to directly support local economic growth. This fund will invest £240 million of capital from 2026/27 to 2029/30 in projects that enable local job creation and the economic regeneration of local communities. Further detail on this fund and the criteria that will be applied for project selection will be set out in due course.