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Economic Development

Volume 560: debated on Monday 18 March 2013

Today the Government are publishing their response to the Heseltine review, copies have been laid in the House. Lord Heseltine set out an ambitious vision in his review and the Government have responded, accepting the overwhelming majority of his recommendations.

At the centre of the Government’s response is action to tackle excessive centralisation. The Government will create a new single local growth fund from 2015 that will include the key economic levers of skills, housing and transport funding. Full details will be set out at the spending round. The Government will negotiate a local growth deal with every local enterprise partnership (LEP)—with the allocation of funds and flexibilities reflecting the quality of the LEP’s strategic economic plan and the capacity of the local area