As part of its long-term plan to build a stronger economy and a fairer society, the government is expanding the Growth Deals signed last year with 39 Local Enterprise Partnerships by investing an extra £1bn in local economies.
The funding is devolved from central government to local authorities, giving communities, not Whitehall the freedom to decide what’s best for their economy and will help local leaders and businesses to train young people, create jobs, build more housing and deliver hundreds of vital infrastructure projects, such as local transport improvements and superfast broadband networks.
Growth Deals give power back to local councils, colleges and businesses, alongside billions of pounds of funding, to do what’s necessary to ensure their local communities thrive.
Find out more: https://www.gov.uk/government/news/growth-deals-gain-momentum-firing-up-local-economies
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