Mayors in city regions across the North are set to gain from £1.7bn in government investment to accelerate city‑centre regeneration.
The investment will support housing, office and transport developments across the Northern Growth Corridor, including Liverpool, Manchester, Leeds, Sheffield, Newcastle and York. The funding is intended to help mayors accelerate both new and stalled schemes, supporting jobs and expanding opportunities in city centre regions.
Chancellor Rachel Reeves announced the funding during her Mais Lecture on 17 March, a major annual speech on the economy. The Northern Growth Corridor is part of a plan revealed by Reeves in which she identified investment in towns, cities and areas previously overlooked as one of her top priorities to build a stronger and more secure economy.
Andy Burnham, mayor of Greater Manchester, said: “We have long made the case for the North as the UK’s biggest growth opportunity and it is great to see the Chancellor giving it such strong backing...