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05/11/2018

North of Tyne gets £600m devolution deal

Newcastle is part of the North of Tyne Combined Authority / iStock-155134817

Northern Powerhouse minister Jake Berry has confirmed a £600 million devolution deal for the North of Tyne. It is expected to generate £1.1 billion for the local economy.

Berry said the deal is proof “we’re witnessing a new golden era for the North East”.

The deal aims to boost the region’s economy, provide 10,000 new jobs and drive over £2.1 billion in private sector investment. A North of Tyne Combined Authority will be established, and an election is planned for May 2019 to vote in a mayor.

The £600 million will be transferred to the combined authority over a 30-year period. An inclusive growth board will be set up to work on reforming skills and employment across the area, including establishing a North of Tyne Education Improvement Challenge to drive excellence in schools.

The combined authority will cover Newcastle, North Tyneside and Northumberland.

Nick Forbes, leader of Newcastle City Council, said: “We still have much to do in bringing further powers and decision-making back to people here, but this devolution deal marks a big step forward in our plans to create more and better jobs across Newcastle, North Tyneside and Northumberland.”

Peter Jackson, leader of Northumberland County Council, added: “We’re working on a number of exciting and transformative schemes which will benefit millions of people in the region now, as well as future generations, and we are all excited by the opportunities that lie ahead.”

Image credit | iStock

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