John Pugh – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by John Pugh on 2015-11-18.

To ask Mr Chancellor of the Exchequer, what the cost is to the Exchequer of the City Deals in each city region to date.

Greg Hands

The Government has agreed mayoral devolution agreements worth £30m a year for 30 years with combined authorities in Greater Manchester, Sheffield City Region, The North East, and Liverpool City Region. The Government has also agreed a mayoral devolution agreement worth £15m a year for 30 years with Tees Valley and an agreement worth £36.5m a year in the West Midlands. These are all subject to 5-yearly gateway assessments to confirm the investment has contributed to growth.

These agreements are another significant step in the Government’s ambition for the Northern Powerhouse and Midlands Engine respectively.