Political leaders have called for changes to the Government's "deeply flawed" Levelling Up Fund as figures reveal Nottingham City Council spent over £250,000 on unsuccessful bids last year. The continued redevelopment of the Broad Marsh and improvements to Bulwell town centre were among the projects which money would have been used for if Nottingham was successful.
But it was announced in January that Nottingham City Council had failed on all three of its bids, the third of which centred around the Island Quarter development. The Levelling Up Fund was first announced in 2020 as part of then Prime Minister Boris Johnson's aim to boost economic growth and prosperity in areas lagging behind London and the South East.
The fund involves councils across the country submitting bids to recieve money for specific projects. It had been estimated that the cost of submitting a bid was around £30,000 on average.
