Mark Conrad 17 November 2023

Levelling up ambitions blighted by delays, says NAO

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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