© 2020 – 2024 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
Image default
News

Councils freeze levelling up projects as soaring costs exceed grants

Exclusive: half a billion pounds lost from projects funded by government schemes due to inflation and rising costs

Councils are being forced to freeze levelling up projects or find millions from their own squeezed budgets to complete works because of soaring costs which have exceeded government grants.

At least half a billion pounds has been lost from projects funded by different government levelling up schemes due to inflation and rising costs, the Guardian can reveal. The true losses are likely to be even higher – because for some funds the government will pay out on delivery phase, which could be several years later.

Continue reading…

Related posts

Boris Johnson faces growing red wall rebellion over social care tax rises

AEA3

Who will be Britain’s next prime minister, Rishi Sunak or Liz Truss? | The panel

AEA3

US health agency gives lateral flow Covid tests scathing report

AEA3