12
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
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
2.2 yrs
Report published
15 Mar 2024