Magazine article Public Finance

Regional Bodies Given More Powers to Boost Economic Growth

Magazine article Public Finance

Regional Bodies Given More Powers to Boost Economic Growth

Article excerpt

Regional development agencies have welcomed the government's vote of confidence in their ability to stimulate economic growth up and down England.

Following the publication of the Sub-National Review last year and a further consultation, the government this week promised legislation to devolve greater powers to local and regional level.

The proposals include a new duty on upper-tier local authorities to assess the economic conditions of their area; powers to help councils collaborate on economic developments; and a board of local authority leaders to provide direction at a regional level and hold PDAs to account.

Publishing the government's final response to the Sub-National Review's consultation along with the Pre-Budget Report, local government minister John Healey said: 'Every community, town, city and region needs to play its part in dealing with the current economic climate and also prepare for economic growth for the future... [These] reforms will bring together the expertise, the will and the decision-making powers to plan effectively for sustainabte economic growth in all our English regions. …

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