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Mark Conrad 17 November 2023

Levelling up ambitions blighted by delays, says NAO

Levelling up ambitions blighted by delays, says NAO image
Image: gov.uk

Ministers’ levelling up ambitions have been blighted by delays to key construction projects, with many deadlines unlikely to be met, the UK’s spending watchdog has warned.

A report by the National Audit Office (NAO) today revealed supposed ‘shovel-ready’ projects allocated cash from the £3.2bn Towns Fund and £4.8bn Levelling Up Fund have suffered significant delays.

Almost £10.6bn has been earmarked for levelling up projects through the two funds and the UK Shared Prosperity Fund, but just £900m had been spent by March 2023.

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#Funding #Finance #Levelling up #Watchdog

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