Policy paper

City Deal: Greater Manchester

The City Deal for Greater Manchester is part of the first wave of City Deals to get the go-ahead from government.

• From: Cabinet Office and Deputy Prime Minister's Office
• Published: 5 July 2012

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Greater Manchester City Deal

PDF, 331 KB, 25 pages

Details

The Greater Manchester City Deal includes plans to:

• create a revolving Infrastructure Fund by allowing Greater Manchester to ‘earn back’ a portion of additional tax revenue from GVA (gross value added) increases resulting from local investment in infrastructure
• establish a Greater Manchester Investment Framework to bring together core economic development funds
• create a City Apprenticeship and Skills Hub to place apprentices with small- and medium-sized enterprises (SMEs)
• strengthen Greater Manchester’s Business Growth Hub, which integrates trade, investment and business advice
• set up a Low Carbon Hub, with a plan to reduce emissions by 48% by 2020
• establish a housing investment fund to use local and national investment to develop new housing
• work with the Department for Transport on a broad package of transport proposals including bus improvement measures and devolution of the Northern Rail franchise and local transport funding

Published 5 July 2012