Pressure on chancellor Alistair Darling to introduce US-style regeneration funding schemes intensified this week, when four major town halls called for the roll-out of tax increment financing (TIF).
Birmingham, Manchester, Liverpool and Newcastle city councils all support Whitehall’s embryonic exploration of TIF-style funding regimes.
The councils have added their voices to those calling for new local government powers over regeneration schemes amid fears that the property downturn – and declining town hall revenues – could stymie city-centre development beyond the recession.
John Shipley, leader of Newcastle City Council, said he was ‘pushing the Government to agree’ to TIF regimes.
Staying Safe in Local Elections: Challenges and support for candidates
With local elections nearing, rising abuse fears are deterring candidates - this analysis explores risks, definitions, and new guidance to support safer campaigning.
