William Eichler 16 May 2023

Combined authority welcomes £100m investment fund

Combined authority welcomes £100m investment fund image
Image: Milosz Maslanka / Shutterstock.com.

Whitehall has signed off on a £100m investment fund for the North of Tyne Combined Authority (NTCA) before its closure next year.

The combined authority has passed the first of its ‘Gateway Reviews’, unlocking £20m of central Government funding per year until 2027-28.

Following last year’s agreement of the new North East Devolution Deal, the NTCA will continue to receive this money until the establishment of a new ‘North East Mayoral Combined Authority’. The funding will then be included in the new region-wide investment fund.

In a letter to the mayor, the minister for levelling up, Dehenna Davison MP, said she trusted that the good news gave combined authority ‘the certainty to continue investing in your programme until closure of the NTCA and provide clarity going forward as the combined authority transitions’.

Responding to the review, NTCA’s CEO, Dr Henry Kippin said: ‘This is excellent news for our residents, businesses, and communities – testament to the leadership of our cross-party cabinet and much dedication, hard work, and collaboration across the NTCA and local authority teams.’

Metro mayor for the North of Tyne, Jamie Driscoll, said: ‘This is much more than just a thumbs up – it’s validating and sets a confident tone as we get ready to take things to the next level. Hats off to the team for getting us past this important milestone.’

SIGN UP
For your free daily news bulletin
Highways jobs

AMHP Team Manager

London Borough of Richmond upon Thames and London Borough of Wandsworth
£48,873 - £59,220 plus annual £3,000 AMHP allow
AMHP Team Manager – Richmond and Wand... Twickenham, Greater London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Social Worker - Adoption Assessment, South Essex

Essex County Council
£37185.0000 - £50081.0000 per annum
Social Worker - Adoption Assessment, South EssexPermanent, Full Time£37,185 to £50,081 per annumLocation
Recuriter: Essex County Council

Visiting Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£30,510 - £45,564
Financial Assessment Visiting Officer
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Financial Assessment Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£30,510 - £45,564 per annum
Financial Assessment OfficerSC5 – SO2<... London, Wandsworth
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Debt Recovery Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£32,841 - £45,564
Debt Recovery Officer
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth
Linkedin Banner