What do the announcements in today’s autumn statement mean for the North West?
The North West will receive £181m to build over 9,400 new homes for affordable rent following the Chancellor’s autumn statement speech today, while Salford is to become a “super-connected” city.
The area will also see £49 million to return over 3,000 empty homes to use, £34 million investment in partnership between the University of Liverpool and Unilever, and £38 million to develop the Manchester Cancer Research Centre.
The main developments for the North West are:
- 27,000 people to be lifted out of income tax and 2.6 million to pay less income tax as a result of Personal Allowance reforms.
- Cancelling the planned rise in fuel duty in January will reduce running costs for the 3.6 million motor vehicles in the North West, saving a typical motorist £40 a year
- Government will provide a grant for councils that freeze council tax in 2013-14.
- Business support measures will benefit 431,000 small and medium enterprises in the North West.
- £181 million to build over 9,400 new homes for affordable rent.
- £49 million to return over 3,000 empty homes to use.
- £34 million investment in partnership between University of Liverpool and Unilever.
- £38 million to develop the Manchester Cancer Research Centre.
- Salford to be in the second wave of super-connected cities
- Starting soon: Blackburn Pennine Reach Rapid Bus Transport Scheme – 2013
- Under construction: Carrington power station – Gas (CCGT) Investment: financial close achieved, completed by 2016