Portsmouth City Council has announced plans to raise £1bn of investment for major infrastructure and regeneration projects – a move which could bring an estimated 16,000 new jobs and 5,000 new homes to the region.
The city could be transformed by the proposed schemes, which would be funded by the Government, private developers, and the council. The local authority claimed that some of the cash could come from a local, asset-backed vehicle and tax incremental financing.
