Communities Secretary Sajid Javid has announced the Cambridgeshire and Peterborough devolution deal, with a new mayor offering the region more power over how the area is governed.
The deal provides £600 million for economic growth and £170 million for housing, as well as powers to create new jobs, improve skills levels, build more homes and improve transport. The region will gain control of an investment fund of £20 million a year over the next 30 years.
Javid said: “The people of Cambridgeshire and Peterborough came up with an ambitious devolution deal which puts them in charge of decisions that matter to them.
“This multi-million pound investment into the region is proof that we’re backing Cambridgeshire and Peterborough with the resources they need. With powers over transport, skills and housing all coming to the area, I’d urge residents to head to the polls on 4 May and vote for their new mayor.”
Residents will vote for their new mayor on 4 May. The mayor will ave control over new long-term budgets from central government and exercise powers to control local roads, transport investment, strategic planning, improve skills and build new homes.
The authorities covered by the deal are: Cambridge City Council; Cambridgeshire County Council; East Cambridgeshire District Council; Fenland District Council; Huntingdonshire District Council; Peterborough City Council; and South Cambridgeshire District Council.
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