Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what support his Department is offering to combined authorities to help fund non-transport infrastructure projects.
The government has agreed multiple mayoral devolution agreements across England. These agreements will give mayoral combined authorities significant new powers over improved transport, planning, skills and employment as well as giving them control of additional investment funds to boost economic growth.
As announced at the Autumn Statement, the government will also give mayoral combined authorities powers to borrow for their new functions, which will allow them to invest in economically productive infrastructure, subject to agreeing a borrowing cap with HM Treasury.