12
Accepted
Nearly three-quarters of Levelling Up Fund bids, valued at £9.74 billion, were rejected.
Conclusion
The NAO reported that local authorities and other bodies submitted 834 bids across Rounds 1 and 2 of the Levelling Up Fund. Of these, 216 bids were successful with a value of £3.78 billion, and 618 (just under three-quarters) were rejected, with a value of £9.74 billion.28
Government Response Summary
The department has implemented a new approach for the third round of the Levelling Up Fund, moving away from competition and utilising high-quality bids from Round 2 to reduce burdens and maximise efficiency.
Government Response
Accepted
Government Response
Accepted
HM Government
Accepted
2.5 The department is putting this plan into action. For example, it has taken a new approach to the third round of the Levelling Up Fund, moving away from competition and making use of the large number of high-quality bids submitted in Round 2. This reduces burdens and maximises efficiency.
Source
Committee
Public Accounts Committee
Report
Twenty-First Report - Levelling up funding to local government
15 Mar 2024
HC 424
Addressee Bodies
HM Treasury
Timeline
Recommendation age
2.4 yrs
Report published
15 Mar 2024