Devolution is a process that transfers powers and funding from central government to a local area. It means decisions can be made closer to the people affected, involving them more directly.
The story so far…
In October 2015, the five Tees Valley local authorities and the Tees Valley Local Enterprise Partnership signed a devolution deal with Government. The deal enabled the transfer of specific powers and responsibilities on economic growth, from Whitehall to the Tees Valley.
The Tees Valley devolution deal also included additional funding to support our ambitious plans. A 30 year agreement worth over £450 million plus a further £500m to invest in local projects over the next 5 years has been allocated by Government. This allows us to have greater control over our future destiny and provides us with an important opportunity to make a difference to our area for local people and local businesses.
Further documentation can be found by clicking on the below links;