Steve Hollis, Chair of Greater Birmingham Solihull LEP comments on the Autumn Statement 2016
“We welcome the announcements made in today’s Autumn Statement as it reflects the opportunities and challenges outlined in our latest Strategic Economic Plan. The Government’s plans to inject funding and support into infrastructure, innovation, research and development and housing are vital to unlocking the productivity challenge and we look forward to hearing more detail about how we can maximise those funds for the benefit of Greater Birmingham.
“It’s hugely positive to hear that the Government is committed to agreeing a further devolution deal with the West Midlands and that there will be increased borrowing powers for combined authorities led by regional Mayors – this is critically important to deliver the investments required. We are also pleased to hear that there will be investment into the Midlands Rail Hub and that the Midlands Engine Investment Fund will be supporting businesses from the new year.
“We look forward to further clarification on the allocation of the £392 million for the LEPs within the Midlands from the Local Growth Fund so that we can start to prioritise its spend locally to affect real change.”