Under the expanded initiative, local residents in these areas will be able to influence up to £20m of investment in projects chosen by the community — from revitalising high streets and preserving community spaces to supporting local events.

This latest package is worth up to £800m and builds on the Government's £5bn Pride in Place programme.

Neighbourhood boards, made up of local residents, will oversee funding decisions as part of a long-term commitment to community-led improvement.

Prime Minister Sir Keir Starmer said the programme aims to reverse community decline by putting decision-making power in the hands of the people who know their neighbourhoods best.

‘We must reverse the devastating decline in our communities and give power, agency and control to the very people who want to improve their community – those who have skin in the game,' he said.

‘Through the Pride in Place Programme, communities – backed by the state and fired up by pride – will join the fight for national renewal and a Britain built for all.'

Communities Secretary Steve Reed added: ‘Pride in Place is about giving power to local people who know best what needs to change in their area.

‘The ambitious plans we're seeing take shape in communities across the country is proof that when you give local people the tools to do the job – things get better.'