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When is a fund not a fund? Exploring the financial support for levelling up

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  • Graeme Atherton
  • Marc Le Chevallier

Abstract

This paper will examine the different funding streams associated with the levelling up agenda pursued by the Conservative government elected in the United Kingdom in 2019. It will explore in detail a number of funding streams that this government has associated with levelling up to understand their relationship to the levelling up agenda. The article will also analyse the relationship between the levelling up missions and the funding associated with levelling up. The Levelling Up White Paper released in February 2022 included 12 missions that were intended to provide a ‘targeted, measurable and time-bound objective, or set of objectives, from which a programme of change can then be constructed or catalysed’. The analysis of the funding streams outlined in this paper shows that the relationship with the missions is overall a tangential one. The lack of clarity on what is and is not a levelling up fund, coupled with the loose relationship with the levelling up missions may diminish the impact that the levelling up agenda will have on regional inequality in the UK.

Suggested Citation

  • Graeme Atherton & Marc Le Chevallier, 2023. "When is a fund not a fund? Exploring the financial support for levelling up," Contemporary Social Science, Taylor & Francis Journals, vol. 18(3-4), pages 527-545, August.
    • Handle: RePEc:taf:rsocxx:v:18:y:2023:i:3-4:p:527-545
    DOI: 10.1080/21582041.2023.2269144
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