Thread by @whatworksgrowth

How can places use the Levelling Up Fund to deliver economic growth?
@DanniMason11's latest blog summarises the key takeaways from @whatworksgrowth's #evidence briefing on Levelling Up Fund interventions and impacts.
A short thread 🔽
whatworksgrowth.org/blog/the-level…

🔹 Levelling up and transport investment…
Evidence shows transport projects are one of the best eligible interventions to result in positive economic outcomes, although impacts are highly context-dependent.

🔹 Levelling up and physical regeneration…
Evidence shows that the physical regeneration of public spaces is unlikely to deliver much economic growth, but can have positive impacts for residents’ quality of life.

🔹 Using the levelling up fund to increase property value…
Evidence shows that transport interventions, estate renewal and other 'public realm' interventions can all increase property values, but that effects are limited geographically.

🔹 Economic impacts of cultural investments…
Evidence suggests cultural investments should be used as part of broader strategies, as whilst they have direct effects on jobs, total employment effects tend to be very small.

For a more comprehensive overview on ‘what works’ when it comes to designing a Levelling Up Fund application, read our latest evidence briefing 🔽
whatworksgrowth.org/resources/evid…