East Midlands Devolution
Earlier this year the leaders of the four county and city councils in Derbyshire, Nottinghamshire, Derby, and Nottingham were offered a historic devolution deal by the Government. Since August the four councils have been looking at details of how devolution would work locally, and how new functions and powers could be established to access increased investment from national Government to our region. Devolution would mean more local control, and £1.14 billion of funding from 2024. The new local powers and funding would be used on key areas such as transport, adult skills, the economy, housing, regeneration, and improving the environment. Devolution would result in more important decisions could be taken in the East Midlands by people who know and understand the region, to bring benefits to people who live in, work in, or visit Derbyshire, Nottinghamshire, Derby, and Nottingham, to improve quality of life. Devolution would also mean a directly elected regional mayor covering both counties and cities, with an election taking place in May 2024. Devolution would mean:
- £38 million a year for 30 years from 2024, addressing years of historically low investment in our region – the joint largest Investment Fund in the country.
- An extra £16.8 million for new homes on brownfield land.
- Control over a range of budgets like the Adult Education Budget.
- £18 million to support housing and Net Zero ambitions in the East Midlands.
- New and better standards for homes, low carbon measures, and improvements to existing housing could be made.
- New smart integrated ticketing on public transport and new concessionary fare schemes could be developed
- New commercial spaces could be developed to attract businesses and new jobs
- Retrofit measures could be put in place, as well as clean heat coordination, and a local energy plan, which could generate new jobs.
- A directly elected regional mayor for Derbyshire, Nottinghamshire, Derby and Nottingham.