The review of sub-national economic development and regeneration is being carried out jointly by Communities and Local Government, HM Treasury and the Department for Trade and Industry. Officials have been working closely with their counterparts in those Departments to make progress across the review's remit. Communities and Local Government has, and continues to be, fully engaged with the review.
The review is focused on exploring the opportunities for releasing further the economic potential of English regions, cities and localities; and for responding more effectively to the ongoing challenge of tackling pockets of deprivation. Its terms of reference are available on the HM Treasury website at:
The Budget (pages 46 and 47) provided an update on the review's progress, including highlighting the areas for potential reform that it is considering. The Budget can be found on the HM Treasury website at:
Copies are available in the Library of the House. The review will report to Ministers in advance of the 2007 comprehensive spending review.