Title

FINANCE

Business and local leadership will 'make or break' devolution

Co-operation between businesses and local politicians is vital if devolution is going to be a success, according to the Confederation of British Industry’s director.

Co-operation between businesses and local politicians is vital if devolution is going to be a success, according to the Confederation of British Industry's director. 

In a speech to the Local Enterprise Partnership (LEP) Network conference today, Carolyn Fairbairn insisted the strength of local leadership would ‘make or break' devolution.

She cited work in the Spanish city of Bilbao, where a regenerated downtown area pulled in investment, a new metro improved transport links and a river clean-up scheme made the area a more attractive place to live. 

Ms Fairbairn said these were not ‘stand-alone schemes' but a ‘roadmap for growth drawn by politicians and businesses working together'. 

She said: ‘By kick-starting a new era of local co-operation, government ministers, local leaders – including those in LEPs – and firms of all sizes can make devolution a success.

‘Business must rise to its civic responsibilities – helping to design and deliver growth plans in partnership with local leaders.'

The devolution agenda at present leaves too many questions unanswered, she claimed, such as which powers could be devolved to which geographical areas and how success and performance will be managed.

Ms Fairbairn added: ‘When it comes to devolving powers, political expediency should not trump economic prosperity.

‘Devolve first, ask questions later is not a recipe for regional growth.

Ms Fairbairn said business leaders needed to ‘step up' to help devolution drive economic prosperity. 

 

FINANCE

The problem with housing: Viability

By Heather Jameson | 17 July 2026

Uncertainty, viability and devolution: local authorities face a collection of hurdles and opportunities when it comes to delivering much-needed housing. The ...

FINANCE

Burnham urged to give greater fiscal responsibility to regions

By Joe Lepper | 16 July 2026

Mayors should be given a 2.5p share of income tax to spend in their area, according to a moderate conservatives’ organisation led by former West Midlands may...

FINANCE

Minister in Pride in Place funding threat

By Dan Peters | 13 July 2026

Devolution minister Nesil Caliskan has threatened to pause Pride in Place funding if accountable bodies delay or obstruct decisions on how to spend the cash.

FINANCE

How can we make neighbourhood health work?

By Lee Peart | 10 July 2026

Healthcare leaders discussed local and national levers needed to scale and sustain healthy neighbourhoods at the LGA Conference and Exhibition in Bournemouth...

Popular articles by Sam Clayden