The Levelling Up Fund will run until March 2025 and invest £4.8 billion across the UK.
The Fund funds large capital projects and will support:
- town centre and high street regeneration (up to £20 million)
- cultural and heritage assets (up to £20 million)
- local transport projects (up to £50 million)
Only local authorities can apply to the Fund.
Areas can submit bids for each Parliamentary Constituency within their boundaries and one additional bid for a local transport project. Gwynedd Council can therefore submit up to three bids.
The first round of the Levelling Up Fund was held in 2021. No applications from Gwynedd Council were successful.
Cyngor Gwynedd submitted 3 applications to the second round of the Levelling Up Fund in August 2022.
- Bywiogi Bangor – a package of projects including the development of a Health and Wellbeing Centre, environmental improvements to Hirael Bay, improved connectivity within the City and the first phase of the North Wales Medical School. A programme connecting health and wellbeing interventions and regenerating the city centre.
- Ardudwy Green Corridor - a package including building a new road to bypass the village of Llanbedr, creating new access to the airfield, as well as introducing wider improvements to walking and cycling provision, bus stops and an electric car charging service along the A496 corridor in Ardudwy.
- Llewyrch o’r Llechi 2023 - A package of schemes across 3 slate communities of Gwynedd that identify opportunities to maximise the benefits to the local community and economy from World Heritage Site designation back in 2021. A scheme that offers opportunities and developments that contribute to the regeneration of these communities. A specific package focusing on projects in Ogwen, Peris and Ffestiniog.
In January, the UK Government announced the successful projects for the second round of the Levelling Up Fund. Confirmation has been received that Llewyrch o’r Llechi is successful with an investment of £18.8m through the Levelling Up Fund towards a complete package worth around £27m.
More information on the Levelling Up Fund