Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment has been made of the potential impact of coordinating place-based (a) Government funding and (b) philanthropic, institutional and private sector investment on regional growth.

Following a review of the Green Book, the government has announced the introduction of place-based business cases. This new approach will highlight the reinforcing effects of different investments within an area and better coordinate both public sector funding decisions and non-public sector investments in specific places to support growth. Liverpool, Plymouth, Port Talbot and Birmingham will be the first adopters of place-based business cases. The government will set out plans to rollout place-based business cases further in due course.

More widely, Government is giving local leaders and communtiies the power and resources to make decisions for their places.