Published: 27th Nov 2020

The West Midlands could receive more than £1.2 billion of investment following the recent Spending Review, according to the region’s combined authority.   Calculations by the West Midlands Combined Authority (WMCA) suggest the region is in line for significant funding boost, including money for public transport, housebuilding, and re-training. This is on top of the £55bn earmarked nationally by government to help tackle the ongoing coronavirus pandemic. The single biggest sum of money will come through the five-year intra-city transport settlement, which will see an estimated £800m come to the West Midlands to be spent on public transport projects.  This is the single largest devolved pot of money the region will have received since the formation of the WMCA. Other funds set to provide a significant cash injection into the region are the £4bn Levelling-Up Fund, the £2.2bn National Home Building Fund, and the £2.8bn restart scheme. It is estimated … (To read the full article, subscribe below)