Unlocking Growth in cities

Unlocking Growth cities

England’s largest cities are being offered a menu of transformative new powers which the government wants to explore as the basis of a series of bespoke ‘City Deals’. The Deputy Prime Minister announced the City Deals in Leeds on 8 December 2011.

The Government will work with different cities over the coming months and years to agree a series of tailored ‘city deals’. Read more

Unlocking Growth in cities

Whats happened so far…

Nick Clegg explained that;

  • We have already taken some important steps to help cities drive forward growth:
  • creating Local Enterprise Partnerships to bring together civic and private sector leaders to drive growth;
  • putting greater financial powers in the hands of local authorities through business rate retention and new borrowing powers;
  • creating 24 Enterprise Zones with the power to use Tax Increment Financing;
  • providing a new £100 million urban broadband fund, which will create up to 10 ‘superconnected cities’; and
  • investing £744 million in urban areas through the Regional Growth Fund, with a further £1 billion for the Regional Growth Fund

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