
Devo Maxed-Out: The Business Rates Revolution Shaping Regeneration
A new devolution deal in Greater Manchester is set to transform local regeneration through business rates retention, and it’s set to spread across the North. The deal, which allows Greater Manchester to retain the business rates generated from designated investment zones, will enable the region to borrow against future growth, funding infrastructure projects without relying on government grants.
This bold strategy, already in use in Birmingham, has the potential to unlock billions for regeneration, driving development in high-potential areas like Salford, Trafford, and Rochdale. As other regions such as Liverpool and West Yorkshire follow suit, this innovative model could reshape the economic landscape, creating sustainable growth while addressing infrastructure needs.
Click the link below to discover how this game-changing financial mechanism is paving the way for smarter, self-sustaining urban development.
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