Business in the North East has received a timely shot in the arm from Chancellor Philip Hammond’s Autumn Budget. The devolution deal first proposed in September 2015 has been confirmed, alongside a significant investment package.
The next three decades will see £600 million invested in Newcastle, North Tyneside and Northumberland councils. Providing the opportunity to rejuvenate local infrastructure, grow the skills base and create employment throughout the region.
Working towards a more influential North East
Johnathan Walker, current head of policy and campaigns at the North East Chamber of Commerce, sees the completion of devolution as a step towards a more influential North East. ‘We asked for more funding and powers [and] called on the government to get serious about the need to change the distribution of investment and economic activity in the UK. It’s great news that the Chancellor has listened.’
Of the £1.7 billion committed to improving transport in English cities, half will be shared between combined authorities with Mayors. The rest allocated by competition. Yvonne Gale, chief executive of NEL Fund Managers believes this is good news. ‘We would urge local authorities across the regions to work towards accessing as large a share of it as they can.’
Hippo provide the missing link
Greater investment equals greater opportunity. Not just for growth but for the development of better practice to sustain business for decades to come.
Hippo Marketing is at the centre of a data analytics revolution in the region. Providing local business with a unique set of tools to improve the way they work through the collection, consolidation and analysis of data.
This intelligence guides companies to distribute their resources more efficiently, redefine their products and services, to challenge established protocols and make better decisions quicker than ever before.
All key areas of efficiency that will ensure the region maximises the opportunities that arise out of the Autumn Budget.