A £400m Northern Powerhouse Investment Fund is set to be created to help small businesses.
The announcement was made by Chancellor George Osborne in his Autumn Statement this week.
The government has agreed to create the fund with local enterprise partnerships in the north west, Yorkshire and the Humber, and the Tees Valley.
There are also plans to create 26 enterprise zones across the country.
Philip Jones, a partner at Hallidays, said: “I do think it is a good idea as long as it generates jobs, investment and funding for SMEs some of this might be isolated within certain sectors.
“There should also be opportunities for grant investment to help SMEs with growth.
“London is seen more and more as a separate economy to the rest of the UK so giving regions freedom and control over spending and investment, in an area that they know best, can only be a good thing.”
Stockport’s new Chamber of Trade president, Brian Bradley, said he hoped the cash would fine its way to places like Stockport.