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Northern Growth Strategy: Next Steps
19 March 2026
Type
Written Ministerial Statement
Department
Treasury
At a Glance
Issue Summary
The statement outlines details of the Government's Northern Growth Strategy, focusing on driving economic growth in northern England.
Action Requested
The Government is proposing investment through City Investment Funds of £2.3 billion and supporting Industrial Strategy clusters with £150 million from the British Business Bank. It also seeks to develop a roadmap for fiscal devolution, aiming to give regional leaders more financial autonomy over time.
Key Facts
- The publication lays out plans for the Northern Growth Corridor stretching from York to Liverpool.
- City Investment Funds provide up to £1.7 billion directly to mayors of major city regions in the north.
- Industrial Strategy cluster partnerships receive £150 million investment, supercharging growth in five areas.
- A roadmap for fiscal devolution will be developed with Treasury officials and Mayors.
- The invitation for views on the strategy closes on 31 July 2026.
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