Plan for Neighbourhoods: Finance
The question
To ask the Secretary of State for Business and Trade, with reference to his Department's publication entitled The UK’s modern industrial strategy, published on 23 June 2025, whether the strategy will provide additional funding to the Plan for Neighbourhoods.
Answered by Sarah Jones
The Industrial Strategy is a 10-year plan to back our strengths and realise Britain’s potential. Through the Industrial Strategy we are targeting investment towards our eight-growth driving sectors, creating new opportunities so British workers can upskill and fill vacancies and supporting businesses to scale up. The industrial Strategy identifies and accelerates the highest-potential opportunities in these sectors, tackling investment barriers and unleashing the potential of clusters across the country.
The £1.5bn Plan for Neighbourhoods will deliver up to £20million of funding and support over the next decade into 75 communities across the UK, laying the foundations to kickstart local growth and drive-up living standards. The Industrial Strategy does not provide direct funding to the Plan for Neighbourhoods but complements it with a package of measures to boost regional growth.
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