Local leaders respond to spending review
The chairs of the Combined Authority and Local Enterprise Partnership have today (25 November 2015) responded to the Chancellor’s Spending Review.
Councillor Sir Steve Houghton CBE, Chair of the Sheffield City Region Combined Authority, said:
“The Chancellor’s statement today will no doubt signal challenging times ahead for both local authorities and residents in the Sheffield City Region and we will be analysing the full implications over the coming days.
“His austerity measures are not in our control and this further underline the importance of securing powers and funding from Whitehall, which is what our proposed £900 million Devolution Deal aims to do.
“The Government’s commitment to infrastructure investment, a new Northern investment fund and further devolution of powers from London to local areas are welcome.”
Local Enterprise Partnership (LEP) Chairman, James Newman, said:
“Today the Chancellor has committed to further devolution in which Sheffield City Region is leading the way.
“I welcome his commitments to increased capital spending on transport infrastructure in the North, confirming his £330 million commitment to our Local Growth Fund, doubling the national housing budget and maintaining funding for Further Education Colleges.
“I am also particularly pleased that he has decided to invest further in the National College for High Speed Rail and in the development of small nuclear reactors, which will build on the City Region’s core strengths in these two sectors.
“The Chancellor has also recognised the importance of the private sector in effective local economic decision-making by continuing to support Local Enterprise Partnerships, both financially and as the drivers of economic growth.”