Hull has been selected as one of 20 places in the government’s move to create Levelling Up Partnerships.
The opportunity for Hull to enter this partnership will be considered by the council’s July Cabinet, as well as scrutinised by the Economy and Environment Scrutiny commission.
The partnership would see the city being part of a £400m scheme being rolled out across the country.
Levelling Up Partnerships are intended to be bespoke place-based regeneration partnerships between the government and the chosen location.
Hull has been selected as one of England’s areas most in need of extra support over the next two years.
The expectation is that each council could be allocated approximately £20m of capital funding for delivery in its area.
The partnership would be able to allocate and distribute funding subject to the government approving the proposals.
Cllr Paul Drake-Davis, Hull City Council’s portfolio holder for regeneration, said: “Hull’s city centre and Old Town areas have already benefited from significant Levelling Up Funding.
“The Levelling Up Partnership provides an opportunity to bring forward key sites across the city for development, but also provides some much needed funding into local communities.
“We welcome that Hull was included in the government’s Levelling Up Partnership programme which is designed to allow further businesses to open and prosper.”
