Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Levelling Up, Housing and Communities, what mechanism his Department has in place the resize successful bids to the Levelling Up Fund based on levels of inflation; and what steps his Department will take to implement their mechanism.
The department is monitoring the situation closely through formal reporting mechanisms and on the ground relationships. These are giving us an emerging picture of the impact of cost inflation on our programmes.
The Levelling Up Fund has put in place a proportionate project adjustment process. Through this, we can work with places to make sensible adjustments to the scope and phasing of projects to mitigate delivery challenges including cost inflation whilst also maintaining value for money.