LEP first to sign off new and improved Devolution Deal

The agreement by the LEP Board moves devolution proposals an important step closer after a significantly improved deal was negotiated with Government by the LEP and partners.

Mark Reeve, Chairman of the Greater Cambridge Greater Peterborough LEP, said: “The current devolution proposal for Cambridgeshire and Peterborough is a radically improved deal from the one we declined to sign earlier in the year. We committed to representing the views of our businesses throughout the negotiation process, views that we took directly to Government to negotiate a deal that far better meets the needs of our local area. We are delighted Government has recognised the LEP’s input.

“These have been long and complex negotiations, and we have had to firmly stand our ground to ensure that this proposal will create the right conditions for economic growth across Cambridgeshire and Peterborough.

“Our proposal now includes £170m for new housing, which is critical to the economic prosperity of our area. It will also provide £600 million for infrastructure – twice the amount that was originally on offer in the deal that we rejected.

“Should all Local Authority partners follow our lead and sign up to this devolution proposal, it would mean that we have secured the best deal in the country. A deal that has the strong support of all our Board Members, representing the views of local business and brings both funding and enhanced powers to our local area.”

You can find out more about the Cambridgeshire and Peterborough Devolution Proposal, including the opportunity to access all of the devolution documents here.
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