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<p>Towns will be able to benefit from the £4.8 billion Levelling Up Fund (LUF), which
will invest in infrastructure that improves everyday life across the UK, including
regenerating town centres and high streets, upgrading local transport, and investing
in cultural and heritage assets. The LUF prospectus published at Budget provides guidance
for local areas on how to submit bids for the first round of funding for projects
starting in 2021-22.</p><p>As set out in the prospectus, proposals can be submitted
for town centre and regeneration projects from individual or groups of smaller towns
that did not receive investment from the Towns Fund.</p>
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