Stamford and Bourne MP and council leaders react to Chancellor s Budget stamfordmercury.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stamfordmercury.co.uk Daily Mail and Mail on Sunday newspapers.
The UK Community Renewal Fund will provide £220 million additional funding to help places across the UK prepare for the introduction of the UK Shared Prosperity Fund.
A new £12bn national infrastructure bank was announced by chancellor Rishi Sunak in a Budget billed as being pro-business but offering little for public services.
Mr Sunak announced a series of measures to help the national economy bounce back, including £1bn for town deals, and the locations of eight freeports.
He also announced a further business rates holiday, for which councils will be compensated.
And there was extra support for towns, with £1bn for 45 new town deals, and the National Infrastructure Fund being asked to produce a report on how infrastructure can best support economic prosperity and quality of life in towns, focusing on transport and digital infrastructure in particular.