The Government has confirmed a wave of new spending on local infrastructure with a series of “Growth Deals” with businesses and local authorities across England.
The £12bn plan will go towards providing support for local businesses to train young people, create thousands of new jobs, build thousands of new homes and start hundreds of infrastructure projects including transport improvements.
The first £6 billion of local projects has been agreed today with the first wave of Growth Deals.
The deals will see housing, infrastructure and other funding being brought together in a single pot and put directly into the hands of local authorities and businesses to spend.
Projects beginning in 2015 to 2016 are expected to be matched by local investments worth around twice the contribution from central government.
Across the country they are expected to lead to work on more than 150 roads, 150 housing developments and 20 stations, as well as:
