Local Government Finance: Capital Investment
The question
To ask the Secretary of State for Housing, Communities and Local Government, if she will make it her policy to provide capital funding to local authorities on an annual basis.
Answered by Alison McGovern
The government has taken steps towards the simplification of capital local growth funding by consolidating the Levelling Up Fund, Town Deals and Simplification Pathfinders Pilot Fund into a single Local Regeneration Fund - providing greater flexibility and supporting local leaders to drive growth.
The Fair Funding Review 2.0 set out our plans to consolidate revenue grants in at least four “thematic pots” from 2026/27. We will set out details of the revenue grants that will be consolidated, and our future plans for capital funding, at the provisional Local Government Finance Settlement.
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