Jamie Hailstone 08 August 2016

May to cut councils out of fracking funds

Theresa May has announced plans to divert money destined for local authorities from fracking and infrastructure, giving the cash directly to households instead.

The prime minister announced yesterday plans to change the rules around the Shale Wealth Fund.

Under the current fund rules, local authorities and community groups could receive up to 10% of any tax revenues from shale exploration in their area. 

If the rules are changed, then the money would go to local residents instead, with the Government estimating each eligible community benefit could receive up to £10m.

The fund was launched in 2014 to encourage more shale gas exploration, but there has been no fracking in the UK since 2011, after tests near Blackpool were found to have caused earthquakes.

In May, North Yorkshire CC gave the green light to an application to frack for shale gas at an existing site. 

For more visit The MJ (£).

SIGN UP
For your free daily news bulletin
Highways jobs

Senior/Principal Regeneration Officer

Fareham Borough Council
£45,465 - £55,379
Our town centre regeneration is moving from planning to delivery, and we're looking for someone who wants to help make regeneration happen. Fareham, Hampshire
Recuriter: Fareham Borough Council

Head of Service – Social Care

St Helena
£60k pa plus International Supplement
Enjoying unique lifestyle opportunities, St Helena Island is a self-governing overseas territory of the United Kingdom. Saint Helena, Ascension and Tristan da Cunha (SH)
Recuriter: St Helena

Health and Social Care Trainer - North Essex

Essex County Council
£29468.0000 - £34668.0000 per annum
Health and Social Care Trainer - North EssexPermanent, Part Time£29,468 to £34,668 per annum (full time equivalent) Location
Recuriter: Essex County Council

Recruitment Training and Support Officer (Fostering)

Essex County Council
£26284.0000 - £33256.0000 per annum
Recruitment Training and Support Officer (Fostering)Permanent, Full Time£26,284 to £33,256 per annumLocation
Recuriter: Essex County Council

Vocational Trainer - English

Essex County Council
Up to £34668.0000 per annum
Vocational Trainer - EnglishPermanent, Part Time£34,668 per annum (full time equivalent)Location
Recuriter: Essex County Council
Linkedin Banner