https://mhclgmedia.blog.gov.uk/2026/10/26/coverage-of-good-growth-funding-announcement/

Coverage of Good Growth funding announcement

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On Sunday (25 October), the government announced it will provide local leaders with £285 million to introduce Good Growth funding. This will give Mayors and local leaders more money, more powers, and more control, letting them invest in their priorities without seeking permission from Whitehall.

The funding could be used to bring the local high street back to life, improve essential transport links, or build new homes where they are needed.  Areas that are not yet strategic authorities will also be able to access a share of this money to support growth in their areas.  

We also confirmed that we are working with Mayors to design a £1.5 billion borrowing facility from 2028, giving them access to capital needed to back their local priorities and deliver growth in every postcode.

There has been widespread coverage of the announcement in national media, including in The Guardian, Daily Mirror, Daily Express, Reuters, The Independent, andSky News, The HuffPost also featured an op-ed by the Prime Minister, focussed on the announcement. The announcement was also referenced in The Times and BBC News articles about the Budget.

The Secretary of State Angela Rayner appeared on the Sunday morning programmes, speaking about the benefits of the plans with Times Radio, LBC, ITN, Sunday with Laura Kuenssberg, Sky News’s Sunday Morning with Anne McElvoy

And there was further regional reporting by The Northern Echo, Manchester Evening News, Place Midlands, and Greatest Hits Radio.

Secretary of State for Housing, Communities and Local Government Angela Rayner said: “We’re putting a stop to mayors and local leaders being forced to come to Westminster cap in hand, asking for the power and funding that should rightfully be theirs.

 “We’re backing our leaders to deliver what their communities need, from much-needed housing developments, stronger and better transport links, and the regeneration of the places people care so much about.

 “That is what our devolution revolution really means – real decisions made locally, backed by real money, so every town and city can shape its own future.”

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