Levelling Up Fund Round 2: prospectus issued – closing 6 July

The prospectus for the second round of the Levelling Up fund will focus on the same three themes as the first: local transport projects that make a genuine difference; town centre and high street regeneration and support for the UK’s portfolio of cultural and heritage assets.

… Fund will focus on….town centre and high street regeneration; and support for maintaining and expanding the UK’s world-leading portfolio of cultural and heritage assets…

Section 1: Fund overview

… The UK government’s priority is to deliver effective investment in all parts of the UK, to maximise benefits for citizens. Delivering effectively for people and communities is a goal we know we share with our colleagues in the devolved administrations. By taking this strategic approach, working as one United Kingdom, we are better able to tackle challenges which the whole country faces.

To apply for investment from the second round of the Levelling Up Fund, eligible applications must submit their full bids, with all supporting documentation via the online application portal, by 12:00 noon Wednesday 6 July.

Investment themes

The second round of the Fund will focus on the same three investment themes as the first round: local transport projects that make a genuine difference to local areas; town centre and high street regeneration; and support for maintaining and expanding the UK’s world-leading portfolio of cultural and heritage assets. In particular, the Fund will look to support:

  • Transport investments including (but not limited to) public transport, active travel, bridge repairs, bus priority, local road improvements and major structural maintenance, and accessibility improvements. We are requesting proposals for high-impact small, medium and, by exception, large local transport schemes to reduce carbon emissions, improve air quality, cut congestion, support economic growth, and improve the safety, security and overall experience of transport users.
  • Regeneration and town centre investment, building on the Towns Fund framework to upgrade eyesore buildings and dated infrastructure; acquire and regenerate brownfield sites; invest in secure community infrastructure and crime reduction; and bring public services and safe, accessible community spaces into town and city centres.
  • Cultural investment maintaining, regenerating, or creatively repurposing existing cultural, creative, heritage and sporting assets, or creating new assets that serve those purposes including theatres, museums, galleries, production facilities, libraries, visitor attractions (and associated green spaces), sports and athletics facilities, heritage buildings and sites, and assets that support the visitor economy.

Investment proposals should focus on supporting high priority and high impact projects that will make a visible positive difference to local areas. We recognise that what constitutes priority investment will vary across local authorities and geographies, including in rural areas of the UK.

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