The devolution deal for the North of Tyne has moved a step closer after a supportive vote today by the North East Combined Authority (NECA).
In the joint statement below, the chief executives of Newcastle, North Tyneside and Northumberland councils, Pat Ritchie, Patrick Melia and Daljit Lally explain what this means:
“We are delighted to have taken this latest step in the journey to have more control over issues that affect the lives of residents in Newcastle, North Tyneside and Northumberland.
“The devolution deal will have considerable benefits for the whole of the North East, including new homes, more and better jobs and investment in skills for the future – an economy with above average wages and below average unemployment.
“The additional £600 million of funding can be used to generate £1.1 billion for the local economy and leverage £2.1 billion of private sector investment.
“This is a big message of confidence in the North of Tyne and the North East generally as a place to invest, to live and to access new and better opportunities.
“Existing businesses will be able to grow and new businesses will be attracted to our area by investment in infrastructure and skills.
“Our relationship with NECA is being redefined but we remain absolutely committed to working together with all of our regional partners to bring long-term success and prosperity to the North East.”