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Leeds City Region to receive the country's largest Growth Deal

November 6, 2014 1:00 PM
Originally published by UK Liberal Democrats

Liberal Democrat Leader and Deputy Prime Minister Nick Clegg has today signed the largest Growth Deal in England for the Leeds City Region.

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Nick met with Roger Marsh, LEP chair and West Yorkshire Combined Authority Chair, Councillor Peter Box to sign the deal worth £1bn.

The investment will support the LEP's priorities to improve transport links, boost housing growth, accelerate town centre regeneration, develop a skilled workforce and support businesses.

Today's signing commits the government to devolving £573m to the LEP and Combined Authority from April 2015. The funding will support a range of projects designed to unlock the Leeds City Region's potential to be the growth engine for the North.

Nick said:

'I'm delighted to be signing such a significant Growth Deal to Leeds City Region today. It will lead to better transport, more housing and a major boost for jobs in the region.

"Devolving power and money to the North has been something I've been pushing for and this Deal is the perfect example of how local people know what works. It's all about building a stronger economy and a fairer society.

"Signing this at the Northern Futures Summit is a fitting kick-start to a day of debate and discussion about how we support the economy in the North. By 2021, this Deal will create at least 8,000 jobs and allow 1,000 homes to be built.'