Chancellor channels spending boost into regions

Aaron Morby 11 months ago
Share

Chancellor Rishi Sunak delivered his levelling up Budget hailing a raft of countrywide local projects benefitting from targeted regional funding.

Chancellor places Conservative as a high tax and spend Government
Chancellor places Conservative as a high tax and spend Government

At least 105 local projects will benefit from £1.7bn of funding from the first round of allocations from the Levelling Up Fund.

Projects being supported range from regeneration in the London Borough of Tower Hamlets, to a sustainable transport project in Renfrewshire and cultural assets in Powys.

He added that infrastructure would benefit from a Budget, that offered more limited extra new capital spending announcements than the headlines suggested.

Among new spending commitments, an extra £1.5bn was committed to local transport projects, taking the spend for the eight English city regions to £5.7bn.

Sunak also fell short of announcing the outcome of the Government’s long-awaited Integrated Rail Plan, promising it would be published soon. This will deliver the long-awaited verdict on the future of HS2’s phase 2b eastern leg to Leeds.

English city regions local transport commitments


  • £830m to West Yorkshire for schemes such as the A61 improvements for buses, cyclists and pedestrians between Leeds and Wakefield
  • £1bn to Greater Manchester for schemes such as the next generation Metrolink tram-train vehicles
  • £1 bn to the West Midlands for schemes such as completing the Wednesbury to Brierley Hill metro extension and Sprint Phase 2
  • £710m to Liverpool City Region for schemes such as battery power for new Merseyrail trains to expand the reach of the existing network
  • £570m to South Yorkshire for schemes such as starting the renewal of the Supertram
  • £310m to the Tees Valley for schemes such as upgrading Middlesbrough and Darlington stations and improving local rail links
  • £540m to the West of England for schemes such as a fully prioritised bus route between Bristol and Bath.

Sunak said: “Today, we’re providing £5.7bn for London-style transport settlements and we’re helping local transport, everywhere:

“With £2.6bn for a long-term pipeline of over 50 local roads upgrade. Over £5bn for local roads maintenance, enough to fill 1 million more potholes a year.”

“The Prime Minister promised an infrastructure revolution. This Budget delivers an infrastructure revolution.”

Among the local road upgrades the A509 Isham Bypass, A259 Bognor Regis and A350 Chippenham Bypass will progress to the next stage of development.

Over the Parliament, Sunak said the Government had committed to:

Headline spending commitments to 24/25


  • £1.8bn fund to deliver 160,000 more homes on brownfield sites
  • £11.5bn for 180,000 affordable homes up 20% on last settlement
  • £6.9bn for English city regions to spend on train, tram, bus and cycle projects
  • £2.6bn set aside for 50 roads projects
  • £5bn for local roads maintenance works,  repairing an extra 1m potholes per year
  • £3.8bn to fund the largest prison building programme in a generation
  • £5bn to retrofit defective cladding, funded by Residential Property Developers Tax levied on developers with profits over £25m at a rate of 4%.
  • £850m to restore museums, galleries, libraries, and local culture in England.
  • £205m to fund 8,000 community sports pitches
  • Up to £1.7bn to enable a large-scale nuclear project to reach a final investment decision this parliament

He also pledged to modernise R&D tax credits regime and a business rate holiday for businesses making building improvements.

Levelling up funding packages

Latest news

Self-employed labour rates hit record high

Average weekly pay tops £1,000 in London, the South East and East of England.
2 days ago

Network Rail chief takes finance reins at Skanska

Meliha Duymaz is new Chief Financial Officer
2 days ago

Construction Manager of the Year crowned

Kier's Joe O’Connell lands top prize. Full list of winners
3 days ago

Hochtief starts pulling down Welsh pylons

Construction starts on National Grid project
2 days ago

Kier wins London life sciences job

Contractor lands innovative landmark lab development at ARC West London
2 days ago

Social housing bidding opens for £1.5bn energy retrofit cash

First upgrades of social housing stock could start from early next year
3 days ago

Construction arm propels Mace to record profit

Revenue expected to top £2bn this year despite project delays
4 days ago

Fire destroys conveyor belt at Silvertown Tunnel site

Forty firefighters battle blaze at huge London site
3 days ago

Plan for £58m Bristol pharma R&D facility approved

Willmott Dixon in line to build the R&D facility at Bristol & Bath Science Park
3 days ago

Bond Street Elizabeth line station to open next month

Final station on delayed line will welcome passengers in October
3 days ago

Sisk fixes price on £227m Quintain flats job

Quintain signs single-largest contract so far at Wembley Park
4 days ago

Green light for St Helens town centre revamp

English Cities Fund to start phase 1 next April
3 days ago

Rising costs tip William Hare to £3.6m loss

Specialist contractor falls into the red despite near 60% revenue rise to £220m
5 days ago

Safety blitz on “aches, pains and strains” on site

1,000 site visits planned in coming months to check how workers are moving heavy or bulky materials
5 days ago

Drones sent flying underground to check sewers

Traditional inspection teams replaced with latest technology
4 days ago

Plan submitted for 470 Preston flats scheme

Stoneygate Central scheme on Dryden Mill site will rise to 16 storeys
4 days ago

Graham starts £124m M25 Junction 28

Work on the 36-month Junction 28 upgrade includes constructing a major two-lane loop road
4 days ago

Keltbray bags brace of energy infrastructure wins

Civils work on huge converter stations worth £30m to specialist
5 days ago

Balfour Beatty sole winner for £4bn Scape civils deals

Contractor reappointed to England, Wales and Northern Ireland and separate Scottish deals
5 days ago

PR expert Baroness Rock to chair Costain

Kate Rock will take up senior board role at the end of the year
5 days ago

Billington profit upgrade after strong first-half

Steelwork contractor says weaker pound will allow it to reignite its old export markets in Europe
5 days ago

Green light for £120m Liverpool “super restaurant”

Historic Pumphouse at Stanley Dock to be transformed
6 days ago

Tolent bags £15m Sunderland skills academy

Work to start later this year on Housing Innovation and Construction Skills Academy
5 days ago

Government launches net zero review

Pro-growth and pro-business review of net zero 2050 target launches
6 days ago

L&G Modular wins 400-home Wolverhampton job

Modular specialist wins 17-acre Canalside South regeneration scheme
6 days ago

£1.2bn A12 upgrade accepted for planning

15-mile Essex road upgrade between Chelmsford and Colchester aims for 2023/24 start
6 days ago

US consultant trumps WSP bid for RPS Group

Tetra Tech swoops but WSP could come back with new offer if bidding war breaks out
6 days ago

Sisk hands staff £900 cost of living cash boost

Firm also promises staff £400 Christmas voucher in November
6 days ago

Loathed IR35 reforms scrapped by Chancellor

Contractors will no longer have to determine tax status of freelance workers
1 week ago

Higgins signs deal for 740 West London homes

Work to start this autumn on two Hayes housing estate rebuilds
6 days ago

Contractor services