Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, for what reason the value of the Local Growth Fund for Wales was reduced from £633million to £547million.

The UK Government is working with the Welsh Government to develop and implement a new Local Growth Fund, which is part of a wider targeted, long-term approach to regional growth across the UK. Under this approach, funding for Wales will remain at the same overall level in cash terms as under the UK Shared Prosperity Fund in 2025-26. Taken alongside Wales’ four City and Regional Growth Deals, Investment Zones and Freeports, this represents a significant investment to boost growth and create jobs across Wales.