The Chancellor has announced a new £4bn Levelling Up Fund designed to improve ‘the infrastructure of everyday life’ and stimulate local economies.
The government is due to publish a prospectus for the fund soon and it is expected there will be grants of up to £20m available for chosen areas. This will provide investment for physical and social infrastructure that helps close the opportunity gap, and cement some of the positives that emerged during the pandemic that have reinvigorated and reconnected local communities. Applicants will need to justify investment and meet the requirements outlined in HM Treasury’s updated Green Book.
Our Delivery Partnership: How we can help you
Mutual Ventures has a strong track record in supporting local authorities and service providers to work with central government. When it comes to bidding, you will need a clear vision of the places they are trying to create and a strategy of how to achieve it.
Mutual Ventures, together with our partners Cadence Innova and Project Centre, have formed a Delivery Partnership to support local authorities and other public agencies deliver regeneration projects through the Levelling Up Fund. Our partnership provides an end-to-end service from idea development and engagement with local stakeholders to business case, bid creation, design, and implementation of approved projects.
Get in touch to discuss how we could help you make the most of the Fund by contacting email@example.com.
Join our Levelling Up webinar
Levelling Up Fund: Get a head start on the application process – sign up
Date: Wednesday 17th February 11am-12noon
About: With applications to the Government’s Levelling Up Fund expected to begin in ‘early 2021’, many local leaders will want to start preparing so they can get a head start on the process. The £4bn Fund will support local areas and communities to improve ‘the infrastructure of everyday life’ and stimulate economies through investment in regeneration projects.
During the webinar, our expert panel will discuss what we know about the Levelling Up Fund, the key elements of a business case/application you will need to consider, potential project ideas, and the key questions you should be asking yourself in preparation for developing a compelling bid.
Speakers: Andrew Laird, Managing Director at Mutual Ventures, Jane Barrett Co-Founder of Cadence Innova, and Bharati Ghodke Associate Director at Project Centre.
To sign up click here.
Updates to HM Treasury’s Green Book: our guide
To support this aims of Levelling Up, HM Treasury has published a refreshed Green Book, providing guidance on how to assess potential investments to help achieve the aim of addressing regional imbalances.
MV has published a new guide to these changes. The guide is based on our practical experience of supporting local authorities to develop robust business cases to apply for government funding.
The report What’s new in the Green Book? can be downloaded here.
Andrew Laird shares his thoughts on the Fund in a short video.
Emmet Regan asks whether the Levelling Up Fund provides an opportunity to hit the reset button in the relations between central and local government – read here.
Agata Miśkowiec and John Copps look at what’s in store for public services in 2021 including the Levelling Up agenda – read here.
Eliza Hardwick argues that ‘levelling up’ must not leave children behind, and infrastructure investment should be accompanied by a strategy to tackle educational inequality – read here.