SOUTH EAST BOOST IN SPENDING ROUND

  • Every region in the UK has a role to play in boosting the national economy. By helping all places to reach their potential, we can drive growth at the national level.
  • Today we are announcing that regions will benefit from increased funding for the public’s national priorities, accelerating investment to support every place in England, including:
  • In addition to the announcements in today’s Spending Round, we are committed in investing in our towns, cities and regions, and to make English devolution a success:
    • We are committed to making devolution to the English regions a success to drive local growth. As the Prime Minister set out in his speech in Manchester in July, we are going to level up the powers of Mayors and give power to people and places. 
    • In addition to their multi-year funding settlements, Mayoral Combined Authorities benefit from the £2.5 billion Transforming Cities Fund and are set receive £6.3 billion over 30 years through their gainshare investment funding, allowing them to plan for the long-term.
    • At this Spending Round, we are also continuing to fund the Adult Education Budget, which is devolved in six mayoral combined authorities and the Greater London Authority.
    • We are supporting the regeneration of towns, confirming that towns will benefit from a total of £241 million support from the Towns Fund in 2020-21 to bolster the regeneration of their high streets, town centres and local economies. The total investment from the Towns Fund is £3.6 billion.
    • As part of this, we have recently announced the initial 100 towns that will benefit from the Future High Streets Fund. Last month, towns across England – from Dudley to Dover and Scarborough to Stockport – have joined the list of areas already shortlisted to develop plans to reinvent their high streets.

    Spending Round support for the South East includes:

    • 40 per cent of primary schools in the South East will see per pupil funding level up to a minimum of £3,750 next year – that’s 1,029 primary schools. In addition, 57 per cent of secondary schools in the South East will see per-pupil funding level up to a minimum of £5,000 next year – that’s 274 secondary schools.
    • The £190 million of further education funding to increase core funding for 16-19-year olds is expected to benefit providers in the South East by £24.3 million in 2020-21.
    • As part of the £850 million over the next five years to upgrade facilities and equipment in 20 hospitals, Isle of Wight NHS Trust is receiving £48 million to redesign acute services for Isle of Wight residents.
    • We are providing continued development funding to drive forward East West rail links in the Oxford to Cambridge Arc.
    • Next year, Arts Council England will continue to support arts organisations in the South East. This includes the Turner Contemporary Gallery in Margate and Brighton Dome between. 
    • Continued funding for the DCMS sponsored museums will mean that the Natural History Museum, Tring and the Royal Armouries at Fort Nelson, can continue to delight and inform visitors in the South East.
    • £422 million is being provided to help reduce homelessness and rough sleeping, including an additional £54 million in 2020-21, representing a real term increase of 13 per cent compared to 2019-20. This funding will benefit the South East alongside the rest of the country.

    In addition to the measures included in this Spending Round, we are committed in investing in the South East:

    • To date, the South East has received more than £1.6 billion of allocations from the Local Growth Fund, supporting projects including improvements to Junction 4 on the M20.
    • As of March 2018, £306 million from the Affordable Homes Programme 2016-21 had been allocated to the South East and the East of England to deliver 19,344 affordable homes.
    • As part of the Housing Infrastructure Fund's forward funding, £313 million has been agreed in the South East for strategic and high-impact infrastructure projects.
    • Since Budget 2018 there have been a number of successful bids under Wave 3 of the Local Full Fibre Networks Challenge Fund.  These include £4.5 million for South Essex, £3.5 million for Colchester, and £0.8 million for the Isle of Wight.
    • At Spring Statement 2019 we announced that Southampton and Portsmouth & South-East Hampshire were allocated £9.8 million funding from the Transforming Cities Fund.
    • The Government is investing £81 million to the Extreme Photonics Application Centre, a new laser facility in Harwell which will help researchers and industry to better understand the composition and behaviour of new materials.