Devolution: Finance
The question
To ask the Secretary of State for Housing, Communities and Local Government, what (a) capital and (b) resource funding was allocated to devolution deals in 2024-25 in (i) May 2024 and (ii) March 2025.
Answered by Jim McMahon
Three devolution agreements were implemented across 2024-25 in the North East; York and North Yorkshire; and East Midlands. Full details of the funding allocated to each area can be found in their individual devolution deals, published on gov.uk. Funding specifically allocated in the months of May 24 and March 25 from MHCLG is listed in the table below.
MCA | RDEL/CDEL | Payment Note | May 24 | March 25 |
East Midlands | RDEL | Capacity funding | £1,000,000 | £500,000 |
East Midlands | RDEL | Local Enterprise Partnership Funding | £234,285 |
|
North East | RDEL | Capacity Funding | £1,000,000 | £1,750,000 |
North East | RDEL | Local Enterprise Partnership Funding | £234,285 |
|
North East | RDEL & CDEL | Investment Zones | £2,450,000 (RDEL) £4,650,000 (CDEL) |
|
North East | CDEL | Investment funds | £20,000,000 |
|
York and North Yorkshire | RDEL | Capacity Funding | £1,000,000 | £500,000 |
York and North Yorkshire | RDEL | Local Enterprise Partnership Funding | £234,285 |
|
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