Professor Bill Winlow, Preston West

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Devolved Fund for Economic Growth

by professorbillwinlow on 18 March, 2013

Regional authorities will have to compete with each other for funding for transport, skills and housing developments under plans to be unveiled by the Government today. The Coalition is planning to pool billions of pounds of regional spending into a single fund in a bid to decentralise public spending and boost economic growth outside London. The ideas were put forward by Lord Heseltine in his growth report No Stone Unturned that was published in October. In a joint report published today, the Treasury and the Department of Business said they have accepted 81 of 89 of the former Tory minister’s recommendations. LGIU Daily News, 18/03/13. “It’s about time we saw some devolution rather than continuing gevernment centralisation so  let’s hope this policy goes some way towards that goal” says Bill Winlow.

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