Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Communities and Local Government, pursuant to his oral contribution of 5 July 2017, Official Report, column 1156, on revenue-raising powers for mayors, who will disburse the new funding referred; how that funding will be disbursed; and whether that funding will be available to all local authorities across England.
The funding of £770 million, to which my Rt Hon Friend referred, is to be disbursed by government to the Cambridgeshire and Peterborough Combined Authority and comprises £600 million capital investment funding to be paid at £20 million per year for 30 years, and £170 million to be made available for housing and infrastructure, £70 million being for investment in Cambridge City. In addition, the Combined Authority Mayor has powers to set a precept for 2018/19 and subsequent years, with increases subject to the council tax referendum arrangements.