The Government has recently issued a Technical Note and series of Frequently Asked Questions to follow up on the previously published prospectus setting out their approach for the first round of the Levelling Up Fund (LUF). This Technical Note provides further information on eligibility, MP support and the application and assessment process for the first round of the Levelling Up Fund.
Key considerations emerging from the latest technical note for local authorities to consider when submitting a bid fall into three main categories:
|Strategic Fit||Value for Money||Deliverability|
The Government will be publishing further guidance in coming weeks. Capacity funding of £125,000 will be provided to eligible local authorities: the 93 local authorities in England that fall into Category 1, and all local authorities in Scotland and Wales.
For more information on the Levelling Up Fund, please click here to view our recently published guide setting out who the fund is for, what funding exists and which category local authorities fall into.
How can LSH help?
Our dedicated Town Centre and Economic Regeneration team has considerable experience and a strong track record of unlocking investment and funding to help deliver critical and complex mixed-use development, infrastructure, and regeneration projects.
For example, we have recently helped a number of our local authority clients with Future High Street and Towns Fund bids totalling over £100m to help deliver a wide range of interventions.
If you require assistance with your bid or would just like to discuss the potential options with us, then please do get in touch.
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