Rachel Reeves is set to enhance collaboration between the national wealth fund and regional mayors, moving away from a top-down approach to investment. After a meeting with mayors in Rotherham, Reeves highlighted the importance of local knowledge in identifying regional needs for growth. The newly formed taskforces will develop region-specific growth strategies to ensure investments align with local requirements. This initiative is part of a series of government measures to stimulate economic growth, including modifications to tax rules and regulatory barriers.
After a meeting of combined authority mayors and civil servants in Rotherham, the chancellor emphasized the importance of connecting regional leaders with investment opportunities.
Reeves noted that local leaders have essential knowledge and should be central to initiatives aimed at fostering growth and attracting investment in their communities.
Collection
[
|
...
]