Today, at Treasury Questions, I asked the Minister about the steps the Department is taking to ensure that private funding is harnessed across the UK through the Levelling Up Fund process.
In Wrexham, the 'Wrexham Gateway' project will utilise millions of pounds of private investment but it also needs funding from the UK Government to make sure it goes ahead. As such, I am keen to know what the UK Government is doing to work with the private sector to level up our communities.
My question and answer are below:
Question:
The Wrexham Gateway levelling-up fund bid attracts around £35 million of private finance. However, that investment in Wrexham will depend on a successful levelling-up fund bid the next time round. Will the Minister explain what considerations are made for bids with substantial private investment?
Answer:
My hon. Friend is a fantastic advocate for Wrexham, and for wider pride in north Wales, which is incredibly important. I am happy to meet her to discuss any aspect of the bid process that it would be helpful to discuss further.
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