Devolution delay creates budget headache for SCR

Delays to a devolution deal between the Government and the Sheffield city region (SCR) has meant that any of the £900m “gainshare” funding is unlikely to be handed over anytime soon.

The deal includes an envelope of £30m a year for 30 years – giving the SCR the power to use new funding to boost local growth and invest in local manufacturing and innovation. In return, the Government will require a directly elected mayor to hold accountability for the new powers.

The SCR will not receive its gainshare investment until the Mayoral Combined Authority powers order, which gives the area the legal tools it need to deliver the deal, has received consent through Parliament.

Following a legal challenge, local authority leaders have stated that it is not possible to hold a Mayoral election in May 2017 as planned and that they would now work towards elections in 2018.

Read on… http://www.rothbiz.co.uk/2017/01/news-5345-devolution-delays-creates.html?m=1

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One Response to Devolution delay creates budget headache for SCR

  1. Colin Tawn says:

    ‘giving the SCR the power to use new funding to boost local growth’
    What is local growth? More handouts to Magna? More translators for people too lazy to learn English?
    Boosting the local economy should IMV include better roads,encouraging more companies into the area and cleaning up the town centre. While they are doing that they could also start the wholesale demolition of Eastwood and build more affordable,modern and thermally efficient homes in the same area instead of raping our greenbelt. Just think of the number of jobs directly and indirectly this would create.
    On second thoughts some Labour councilors would lose their block votes if that happened.
    Oh dear,never mind,what a pity.

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