Northern Powerhouse minister Jake Berry has confirmed a £600 million devolution deal for the North of Tyne. It is expected to generate £1.1 billion for the local economy.
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Government writes:
A once-in-a-generation devolution deal and over £600 million of government investment for the North of Tyne region has been approved by Parliament…
The signing of the Parliamentary Order by Northern Powerhouse Minister Jake Berry… formally confirmed the ground-breaking North of Tyne deal – an unprecedented transfer of devolved power and investment funding from Westminster to the North East.
Encompassing the area north of the Tyne river, the deal includes the 3 North of Tyne authorities – Newcastle, North Tyneside and Northumberland.
Expected to generate £1.1 billion for the local economy, 10,000 new jobs, and drive over £2.1 billion in private sector investment, the landmark deal will provide a major economic boost for a key region within the Northern Powerhouse. It also includes:
- Over £600 million of government funding (£20 million a year for 30 years) to drive forward investment in digital skills, science and rural growth.
- The creation of a new North of Tyne Combined Authority and a directly-elected North of Tyne Mayor with the election planned for May 2019.
- A new Inclusive Growth Board to take forward skills and employment reforms across the area, including a pioneering North of Tyne Education Improvement Challenge to drive excellence in schools across North of Tyne….
