Combined Authorities: Finance

(asked on 23rd November 2016) - View Source

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.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 30th November 2016

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.

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