About East Midlands Devolution
Plans for an East Midlands Combined County Authority
Devolution would mean a guaranteed funding stream of £1.14 billion – or £38 million a year over the next 30 years – to help level up the East Midlands, as well as an extra £16.8 million for new homes on brownfield land.
We would have much more control over our own area. Rather than many major decisions being made for us in London, as happens now, local people would have a say in the region’s priorities.
Our devolution deal offers the joint largest investment fund in the country to help level up the region.
A new regional mayor would give us a bigger voice, more influence, and a higher profile across the country.
Devolution provides opportunities to improve the economic, social and environmental well-being of the people who live and work in the area, including:
- Local control over a range of budgets like the Adult Education Budget, so we can use the money to meet the needs of people in our communities.
- Local powers to tackle challenges that are specific to our area and harness its true economic potential, for the benefit of everyone who lives and works here.
- Working more effectively on a larger scale across council boundaries, further strengthening partnership working across and between our counties and cities.
Devolution has seen real improvements in other parts of the country where it has been successfully adpoted. Plus, other area with devolution deals have been able to make their funding go even further by offering loans to businesses so they can invest and grow, with devolved areas making money from the interest – so the true financial benefit is likely to be greater still.