Title

REGENERATION

Regeneration: Unpicking the new mayoral fund

The Budget may not have pulled any rabbits out of the hat for growth and regeneration, but there were details on how the Mayoral Revolving Growth Fund will work, says David Blackman.

© Ian Francis / shutterstock

If Rachel Reeves doesn't survive the furore surrounding the way she presented the public finances ahead of the Budget, at least she will have given her adopted home city of Leeds a parting gift.

However, the confirmation that Leeds City Council, where the chancellor of the exchequer's constituency is located, will be able to retain all business rates growth within its city centre for 25 years above an agreed baseline was one of the few placed-based growth announcements in 26 November's annual fiscal statement.

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