The fund will help to unleash the creativity and talent of communities that have for too long been overlooked and undervalued. "The UKSPF amounts to a predictable, long-term funding stream which local leaders are free to use as they see fit. Councils will also be required to work in tandem with local MPs in drawing up proposals on investment projects. The Government says ministers will reserve the right to defer any sign off on funding until broad local consensus can be demonstrated. Dr Ian Kelly, chief executive of the Hull and Humber Chamber of Commerce, said moving the current LEP into the proposed new Hull and East Riding combined authority made sense.

Source: Daily Mail April 15, 2022 04:32 UTC