| answer text |
<p>At the Spending Review, the government set out key infrastructure commitments that
will bolster local communities and businesses. Amongst others, this included £5 billion
to support UK-wide gigabit broadband roll-out and £4.2 billion intra-city transport
settlements, both of which will have a significant impact on local economic growth.</p><p>
</p><p>The new Levelling Up Fund worth £4 billion for England, will attract up to
£0.8 billion for Scotland, Wales and Northern Ireland in the usual way. This will
invest in local infrastructure that has a visible impact on people and their communities
and will support economic recovery. It will be open to all local areas in England
and prioritise bids to drive growth and regeneration in places in need, those facing
particular challenges, and areas that have received less government investment in
recent years.</p><p> </p><p>Furthermore, the government announced a new infrastructure
bank that will support private projects alongside lending to mayors and local authorities
in order to support their infrastructure ambitions. The government will set out further
details on the scale, mandate and operations of the Bank at the Budget.</p>
|
|
