News

12.07.18

More spending freedoms agreed for Liverpool City Region

A new funding agreement for Liverpool City Region has been agreed and will give its metro mayor Steve Rotherham and the combined authority greater freedom over its spending.

Rotherham will be able to plan and invest in ways which will drive long-term economic growth in such areas as transport, education and housing.

The agreement will be reviewed every five years and the government expects it will be used for long-term economic growth, not the day-to-day running of services.

The agreement will boost the City Region’s revenue budget with £120m to be moved from its capital budget over the next 27 years. This comes almost three years after the launch of the £900m devolution deal.

Plans to work with the City Region to explore further devolution options and to find ways of overcoming local barriers to growth were announced by the government at Autumn Budget.

Speaking on a visit to Liverpool today, Robert Jenrick, exchequer secretary to the Treasury, said: “Liverpool and Merseyside are important parts of the Northern Powerhouse, with businesses in the region delivering vital skills, jobs and growth.

“Since 2010 we’ve seen nearly 50,000 new jobs created in the Liverpool City Region alone, and inward investment increased by 6% in the North West as a whole in the last year.

“Today’s announcement will build on this progress and provide greater flexibility for leaders to deliver the jobs, infrastructure and growth in productivity that will help secure the region’s place in the new economy.”

Steve Rotheram, metro mayor of the Liverpool City Region, said: “I welcome this announcement which gives us more power over how we use the £30 million a year we receive from central government under our devolution agreement. This shows their confidence in our ability to drive long-term growth and make a real difference to people’s lives across the city region.”

Top image: Chris Hepburn

 

Enjoying PSE? Subscribe here to receive our weekly news updates or click here to receive a copy of the magazine!

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

latest news

View all News

comment

Accountability in government: what next?

02/07/2018Accountability in government: what next?

Benoit Guerin, senior researcher at the Institute for Government (IfG), exp... more >
Potholes: The scourge of the roads

02/07/2018Potholes: The scourge of the roads

Potholes are a scourge on our roads and can have much farther-reaching cons... more >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this feeling of imminent change than the article James Palmer, mayor of Cambridgeshire and Peterborough, has penned for us on p28. In it, he highlights... read more >

last word

The importance of openness after Grenfell

The importance of openness after Grenfell

Following the recent Grenfell Tower tragedy, Lord Porter, chairman of the LGA, argues that if the public are going to have faith in the safety testing process then everything must be out in the open more > more last word articles >

interviews

Data at the heart of digital transformation

03/04/2018Data at the heart of digital transformation

SPONSORED INTERVIEW Grant Caley, UK & Ireland chief technologist at ... more >

the raven's daily blog

How councils can better understand citizen movement in urban areas

02/07/2018How councils can better understand citizen movement in urban areas

Local authorities are being urged to consider the benefits of using anonymised data to improve the way they shape and deliver public services, as well as to plan ahead by pred... more >
read more blog posts from 'the raven' >

public sector events

events calendar

back

July 2018

forward
mon tue wed thu fri sat sun
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

featured articles

View all News