As part of the latest £2.1billion of support for projects, almost £362million will be spent in London and the South East, while £354m will go to the North West.
But on a visit to Lancashire to promote the funding announcements, Mr Sunak said there was a "huge" difference in funding on a per capita basis, with the North West coming out on top.
"We are completely committed to levelling up across the United Kingdom," he said.
"If you look at how we are spending this money, it is disproportionately benefiting people in the North East, the North West, and that's great."
He denied the funding allocations were motivated by an attempt to shore up support in southern Tory seats.
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