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<p>The new Levelling Up Fund will directly support communities across the UK making
available up to £4.8 billion through to 2024-25 for local infrastructure and capital
programmes. For the first round of funding, at least 5% of total UK allocations will
be in Wales with a focus on supporting town centre and high street regeneration.</p><p>The
UK Community Renewal Fund is also prioritising applications that target the 100 places
most in need across the UK. Through the Community Renewal Fund we are also looking
to invest in places that demonstrate a good contribution to strategic fit and delivery/effectiveness.
Newport Council has invited bids to come forward into the Fund from local partners.</p><p>We
have received applications from Newport Council for both the Levelling Up Fund and
Community Renewal Fund.</p>
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