10% of UK's £10.47bn "levelling up" fund spent, 80% of first-round projects delayed; government criticized for poor management and lack of effective examples.
UK's Public Accounts Committee finds that only 10% of the £10.47bn flagship "levelling up" fund has been spent, with 80% of projects funded in the first round missing their completion deadline. The Department for Levelling Up, Housing and Communities attributed the delays to "project-specific issues," the pandemic, and inflation. The committee criticized the government for failing to provide compelling examples of what the Levelling Up funding has delivered and for not effectively managing the funding process.
March 15, 2024
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