Latest News | 17 February 2015
Cameron and Osborne Set Out Economic Plan for the Midlands
Chancellor George Osbourne has outlined a six-point plan to boost the long-term economy of the Midlands raising the region's average growth from 3.7% to 4.2%, the UK's average.
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“Our ambition is to make the Midlands an engine for growth. We’ve made a good start – with growth, jobs and productivity rising faster here than the UK average. Now we need to sustain this progress.”
The plan is focused around a £5.2 billion investment into a national transport network centred in the region.
The government said it would commit £5.2 billion to create a modern transport network, with sums expected to be allocated to road and rail projects across the region. Plans are also in place to create a combined local authority in the Midlands, similar to Greater Manchester and West Yorkshire.
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“My condition is that I want to see the different areas combine together to produce a strong joint plan. The same employers and supply chains work together seamlessly across this part of the country, so local leaders need to do the same.”
