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New approach to funding will aid levelling up, says NIC report

Infrastructure

Peter Stonham
05 October 2021
 

Levelling up towns will require a shift in the Government’s approach, from announcing multiple ringfenced pots of money – many of which councils must compete over – to handing power to local areas to deliver their own infrastructure strategies with five-year devolved budgets, says the UK’s official infrastructure advisers.

In its new report, the National Infrastructure Commission (NIC) recommends that the current array of around 15 funding streams for local transport are...

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