North of Tyne devolution deal becomes law

Northern Powerhouse Minister Jake Berry has confirmed a once-in-a-generation devolution deal and over £600 million of government investment for the North of Tyne region.

The deal, which includes the three North of Tyne authorities – Newcastle, North Tyneside and Northumberland, is expected to generate £1.1 billion for the local economy and provide a major economic boost for a key region within the Northern Powerhouse.

It also includes over £600 million of government funding, delivered in £20 million annual instalments for the next 30 years and the creation of a new North of Tyne Combined Authority and a directly-elected North of Tyne Mayor with the election planned for May 2019.

Jake Berry said: “This deal represents over £600 million of investment into the North of Tyne and a landmark moment for devolution in the Northern Powerhouse with a new, directly elected mayor who will be a strong champion for the region.

“The North of Tyne devolution deal is further proof that we’re witnessing a new golden era for the North East as the combined authority uses this unprecedented investment to improve public services, create new jobs and new economic opportunities. We’re transferring funding and decision making away from Westminster and placing them directly into the hands of local people, allowing them to have a real say over their future.”