The government has announced the much-anticipated results of Round 2 of the Levelling Up Fund. Nearly £2.1bn has been awarded to 111 projects in councils across the UK. The investments are intended to improve the 'infrastructure of everyday life', as part of the governemnt efforts to level up the UK.
We are delighted that three projects we supported secured investment totalling £56.2m, adding to the more than £50m we helped councils with in the first round of the Levelling Up Fund.
The successful projects are:
Lewisham Council's Lewisham 2025 project receives £19.1m to revitalise the marketplace, create a flagship Culture and Business Hub, and connect the town with better walking and cycling routes.
Staffordshire Moorlands District Council's regeneration of Leek Town Centre receives £17.1m to modernise the historic Victorian market halls, upgrade the library, museum and exhibition centre, and build a new swimming pool.
Caerphilly County Borough Council receives £20m for Caerphilly Leisure & Wellbeing Hub, a new state of the art leisure centre, including a new gym and swimming pool.
Many congratulations to them and to all the other local authorities that secured grants. The full list is published here.
MV understands that there will be a subsequent Round 3 of funding, with up to £1bn funding still up for grabs.
To find out how MV can support your local authority make a bid for Round Three of the Levelling Up Fund get in touch with mark@mutualventures.co.uk.