Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Govt announces £1.4bn levelling-up devolution deal for north east including new mayor

by December 28, 2022
December 28, 2022
Govt announces £1.4bn levelling-up devolution deal for north east including new mayor

The North East of England could become the latest region to have a directly elected mayor, as the Government announced a new £1.4 billion devolution deal for the region.

Hailed as a “significant step” by local politicians, Levelling Up Secretary Michael Gove said a new devolution deal would bring fresh powers over skills, transport and housing to people across Northumberland, Newcastle, Sunderland and elsewhere.

The devolution plan would see the introduction of a new directly elected mayor, with proposals for elections to take place in May 2024 following a consultation process.

This latest devolution deal to be agreed by the Government would deliver a promised £1.4 billion over the next 30 years, with fresh powers over the adult education budget and a greater say over the local skills improvement plan.

The region has also been promised £17.4 million to support the building of new homes on brownfield land, as well as £20 million for regeneration projects.

Mr Gove said: “I’m proud to have agreed a historic new devolution deal with the North East that gives local leaders more power, more money, and an even greater say on how their areas are run.

“Devolution is all about letting leaders who live and breathe the region decide what is in their best interests, for their people and for their businesses.

“A new mayor will ensure local priorities in the North East are at the heart of decision-making, while our billion-pound funding boost will provide the financial certainty needed to level up the area right now and for years to come.”

“This would allow us to make decisions that reflect local needs and invest wisely into projects that will make a difference for all our residents, communities and local economy.

“There remains a process for all councils and combined authorities to consider the details and a public consultation before a final decision is made.

“We are pleased that we have successfully negotiated a proposed deal which is a step towards reaching our ambition for this region. This is an important milestone in our journey and we will now engage with stakeholders to move the deal to the next stage.”

Lucy Winskell, chair of the North East Local Enterprise Partnership, said: “The development heralds new funding and decision-making powers that will unlock the creation of more and better jobs, allow us to seize new opportunities, address issues that are holding us back and critically, to compete where we have strengths on a national, sectoral and global stage, and most importantly to do this in partnership.”

But Alex Norris MP, the Labour shadow levelling up minister, accused the Government of lacking ambition.

“Many people in the North East will welcome some further say and control in their area. But it appears that ministers have already rowed back on the original promise of £3 billion in new funding as part of the deal for the North East.

“The huge potential of Britain is being held back by this Tory Government’s lack of ambition for the country, cherry-picking the places for devolution deals, short-changing communities on past promises and holding back the real powers and investment at the centre.

“Labour will deliver the biggest ever transfer of power out from Westminster. Our plans will bring back good jobs, get the economy growing and give people real powers over the future for their communities in all parts of the country, not just some.”

Read more:
Govt announces £1.4bn levelling-up devolution deal for north east including new mayor

0
FacebookTwitterGoogle +Pinterest
previous post
Sunak should lower national insurance in 2023
next post
Boxing Day shoppers up by nearly 40% but still lower than before pandemic

You may also like

Cost of living crisis drives solar panel sales...

September 14, 2022

Heather Mills rescues vegan food empire after blaming...

January 22, 2024

UKEF joins new international alliance to help export...

December 4, 2023

The great ex-retire hire: Why UK businesses are...

December 8, 2022

Krishen Iyer shares why customer-first approach is essential

February 13, 2023

Banks won’t lend to us, say more than...

September 12, 2022

UK’s leading entrepreneurs urge Liz Truss to back...

September 12, 2022

Amazon sellers teetering on the brink of insolvency...

February 16, 2024

Etsy share prices continue to fall amid HMRC...

January 16, 2024

Surge Pricing Strategy to Hit Legoland Visitors

March 26, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Why More Businesses Are Choosing a Fractional CMO Instead of Agencies and Junior Hires

      July 19, 2025
    • ‘Get a job’: Medicaid work requirements included in Trump’s megabill sparks partisan debate on Capitol Hill

      July 19, 2025
    • Trump has now been in office for six months, for the second time. Here are the highlights

      July 19, 2025
    • Week Ahead: NIFTY Violates Short-Term Supports; Stays Tentative Devoid Of Any Major Triggers

      July 19, 2025
    • Slovenia approves law to legalize assisted dying for terminally-ill adults

      July 19, 2025
    • Heritage Foundation founder Edwin J. Feulner dies at 83

      July 19, 2025

    Categories

    • Business (8,525)
    • Investing (2,134)
    • Politics (16,122)
    • Stocks (3,221)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved