24
February
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UK expands “levelling-up fund” to cover Scotland, Wales and Northern Ireland By Reuters
in News
LONDON (Reuters) – Britain’s finance ministry said on Wednesday it would expand regional funding for economic growth so that it now included Scotland, Wales and Northern Ireland.
The “levelling-up fund” will be increased to 4.8 billion pounds ($6.76 billion) from 4 billion pounds previously, the finance ministry said in a statement.
“By extending the levelling-up fund to be UK-wide, we are ensuring that no community in the United Kingdom is left behind,” deputy finance minister Steve Barclay said in a statement.
($1 = 0.7096 pounds)