Michael Burton 15 February 2021

Think tank's launches levelling up Big Bang theory

Think tanks launches levelling up Big Bang theory image

The Government should launch a Northern Big Bang to ‘unleash a torrent of investment into the Northern economy’ says a report from a Conservative think-tank.

The Centre for Policy Studies says the ‘levelling up’ agenda will only be achieved by encouraging private sector investment adding: ‘The most successful examples of regeneration in this country – such as the extraordinary growth of London’s Docklands into a global financial centre since the 1980s, or Nissan’s investment in manufacturing in Sunderland – were driven by private investment on a colossal scale.’

The report’s recommendations include updating pension scheme rules to encourage more investment into Northern infrastructure, allowing the writing-off of all capital expenditure and creating a new Initial Investment Incentive to help spur a Green Industrial Revolution.

It says making major planning decisions should be passed ‘in weeks not years’ and it proposes a new Northern Infrastructure Bond as well as a Northern Recovery Bond to allow local investors to support growth. It also backs creating a new Growth Board for the North ‘to advise on priority projects and help steer investment.’

In calling for private sector investment the report’s authors, former Government special advisesr Nick King and chair of the Northern Research Group of Conservative MPs and former minister Jake Berry, write: ‘The limits of what can be achieved through public funding alone were made abundantly clear during Tony Blair’s years in power.

'Billions of pounds of taxpayers’ money were spent in the regions, alongside increased public sector pay and a generous system of tax credits. Yet Blair’s own constituency was one of those that defected to the Conservatives in 2019.' 

For your free daily news bulletin
Highways jobs

Commercial Customer Manager

North Yorkshire County Council
£39,880 to £43,857
Are you someone who is innovative and has the drive to increase revenue for the Council whilst ensuring excellent service provision to our customers? Northallerton, North Yorkshire
Recuriter: North Yorkshire County Council

Social Care Lead Officer

Sandwell Metropolitan Borough Council
£35,745 - £40,876 pro rata per annum
A vacancy has become available for a part time Social Care Lead Officer, to cover in... Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Communications & Corporate Affairs Manager

Sandwell Metropolitan Borough Council
£47,845 - £50,900 per annum
To apply for this role please upload your most recent CV that sets out your relevant experience against the job description. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Career Grade Planning Officer

Royal Borough of Greenwich
£27978 - £37722 per annum + n/a
Career Grade Planning Officer - West Area and East Area Team The Royal Borough of Greenwich continues to faces an unprecedented growth agenda in terms England, London
Recuriter: Royal Borough of Greenwich

Highway Engineer - Reactive Maintenance

Bracknell Forest Borough Council
£35,354 - £40,506 incl. LWA, plus £963 car allowance
We make a difference to the environment we live in. Come and help us manage our highway infrastructure. Bracknell, Berkshire
Recuriter: Bracknell Forest Borough Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue