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More than 500 bids made for second round of Levelling Up Fund, DLUHC says

News15 Nov 2022Michael Lloyd

A total of 525 bids have been received for the second round of the government’s £4.8bn Levelling Up Fund, which can be used to help new home development, Social Housing has been told.

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A total of 525 bids have been received for the second round of the government’s £4.8bn Levelling Up Fund, which can be used to help new home development, Social Housing has been told #UKhousing #SocialHousingFinance

The Levelling Up Fund Round 2, which was announced in March’s Spring Statement, is designed to provide investment in infrastructure that “improves everyday life across the UK”.

 

Housing associations cannot bid for the fund, but councils can bid for money to help finance housing schemes. These can include building new homes or retrofitting properties to improve energy efficiency. 

 

The scheme’s prospectus also says that bidders can use the money for the “acquisition and remediation of abandoned or brownfield sites, for both commercial and new residential use”.

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In the first round of the Levelling Up Fund, £1.7bn was awarded in October last year to 85 lead applicants across 105 bids. 

 

This second wave of the fund will run until 2024-25. 

 

Speaking at the Levelling Up and Regeneration Summit in Birmingham last week, Emran Mian, director general of regeneration at the Department for Levelling Up, Housing and Communities (DLUHC), said: “We’ve had a very nice problem, we’ve had a massive amount of applications to round two. 

 

“We’ve been working through those over the course of the summer and we’re hoping to be able to make allocations quite soon.”

DLUHC confirmed to Social Housing that the figure stands at 525 bids as of 11 November and it aims to announce the allocations in “due course”.

 

DLUHC has been undergoing a reshuffle over the past few weeks.

 

Michael Gove has returned as housing secretary and former Treasury minister and barrister Lucy Frazer has become the latest housing minister.

 

Former housing minister Lee Rowley has been handed the building safety brief, as well taking responsibility for local government.

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