Title

FINANCE

Levelling up – how to negotiate the challenges ahead

Local Partnerships will host a lunchtime webinar to look at how councils can get maximum leverage though schemes with private partners and deliver projects that can be the catalyst for further investment.

Since its emergence as a Conservative manifesto pledge two years ago, the question of what ‘levelling up' means has been subject to much scrutiny.

In a recent Select Committee, Michael Gove was asked to provide some definition and referenced, among other aspects, the need to widen exposure to opportunities and help restore pride in place. These two objectives have certainly been cash backed with the commitment of almost £5bn of capital funding for local infrastructure and £100bn for delivering a new integrated rail plan.

The White Paper will help crystallise levelling up policy further, before its shelf life as a campaign slogan eventually declines. What will not disappear are the projects it helped instigate or revive following a decade of investment constraint. These will be expected to deliver benefit for years into the future. It has been interesting for our team to review the type of regeneration, cultural and transport investments that councils have been responding with over the last year or so as part of the Future High Streets Fund and the recent Round 1 Levelling Up Fund programme.

There has been a lot of commonality in places' desire to repurpose and create new space, make it easier to get around, build on local heritage and generate footfall in town and city centres. These projects are, inevitably, dictated by the objectives and scale of funding available and councils are acutely aware that, despite this investment, major demands remain in respect of housing, net-zero, transport and flood defences.

We recognise the challenges councils face in their efforts to secure funding, get maximum leverage though schemes with private partners and deliver projects that can be the catalyst for further investment. On 13 December, Local Partnerships will host a lunchtime webinar with members of our bid review team to look at these issues further. Whether you're the beneficiary of funding already, are ready to go for the next round or are dusting yourself down to bid again, it will provide you with the opportunity to hear tips and advice, and explore the practical challenges you face around delivery.

To reserve your place, email Martin.Forbes@localpartnerships.gov.uk

localpartnerships.org.uk • @LP_localgov

FINANCE

A betrayal to faithful financing

By Heather Jameson | 28 November 2025

Asking local government reorganisation areas to divvy up their finances between themselves is something akin to expecting honesty in a game show based on bet...

FINANCE

Rachel Reeves: The Queen of fiscal drag

By Mike Emmerich | 28 November 2025

The chancellor may have done respectably on putting the public finances on a more secure long-term footing, but her measures do little to stem Britain’s post...

FINANCE

Budget: Putting stability in the spotlight

By Dan Corry | 28 November 2025

Dan Corry says that if the measures in the Budget can lead to some stability that allows growth to emerge then we will all gain.

FINANCE

The Recovery Grant: a vital tool to rebuild local communities

By Cllr Sir Stephen Houghton | 28 November 2025

Overall, the Government’s local government finance reforms appear to be a positive step forward on the path to a fairer future for councils, says Cllr Sir St...