Cambridgeshire County Council has agreed to debate a devolution deal worth more than one billion pounds for East Anglia announced today by the Chancellor of the Exchequer in his budget speech.
The Council has signed up to an agreement to inform and engage with the public to help Councillors debate the proposed Devolution Deal for East Anglia.
Following negotiations with authorities and LEPs across Cambridgeshire, Peterborough, Norfolk and Suffolk the Government has produced a proposed deal for the area.
Including other local investments confirmed in today's Budget, this would bring an extra Â£1.3 billion to the area for transport, skills and housing as well as new local powers to give the area control over existing pots of Government money.
Some 22 authorities and the New Anglia LEP for Norfolk and Suffolk have signed to put the deal in front of their members to debate whether to agree or turn down the proposals as well as the chance to go back to the Government with new proposals in the Autumn.
The current deal includes:
"¢ Over Â£1 billion of new money to support economic growth over the next 30 years
"¢ the region will take control of millions of pounds of multi year consolidated and devolved transport budget
"¢ New powers over infrastructure, developing skills for employment, and improving our health and social care system
"¢ Recognising the unique housing market conditions in Greater Cambridge Government will ring fence Â£175 million of capital grant for the East to deliver an ambitious target of new homes in line with national targets.
"¢ The deal would also include an elected Mayor for East Anglia supported by a cabinet made up by elected representatives from the partner authorities.
The Deal suggests a combined authority be set up across the four authority areas in the East but councils would still keep their sovereignty and deliver local services. It would see the transfer of significant resources and powers from central government to the region but at this stage specifically for infrastructure, housing economic development and jobs and skills.
Cambridgeshire County Council Leader Steve Count, said: "By signing this agreement we are giving the opportunity for all our councillors to debate whether the proposed deal put forward by Government is the right thing for the communities we serve. With proposals of this magnitude as well as the local powers devolved from Government and millions of pounds of extra funding this brings it is only right that the public and councillors should look at what is on offer. By looking at the facts we can decide whether this is the right thing for Cambridgeshire or not as well as whether we want to go back to Government with a proposition in the autumn."