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Written question asked by David Simmonds (Conservative) on Thursday, 12 June 2025, in the House of Commons. It was due for an answer on Wednesday, 18 June 2025 (named day). It was answered by Emma Reynolds (Labour) on Wednesday, 18 June 2025 on behalf of the Treasury.


Regeneration: Finance

Question

To ask the Chancellor of the Exchequer, with reference to the Spending Review 2025, published on 11 June 2025, what is the required evidential base behind funding from the Growth Mission Fund.

Answer

The government is establishing a Growth Mission Fund to directly support local economic growth. This fund will invest £240 million of capital from 2026/27 to 2029/30 in projects that enable local job creation and the economic regeneration of local communities. Further detail on this fund and the criteria that will be applied for project selection will be set out in due course.


Secondary information

Type
Written question
Reference
59485
Session
2024-26
Related items
Spending Review 2025
Wednesday, 11 June 2025
Command papers
House of Commons
House of Lords
Subjects
Finance Public expenditure Regeneration
Link
View this Written question on www.parliament.uk