Report Launch: Credit Where Credit's Due
Investing in local infrastructure to get Britain growing
Author: Localis - Mar 5, 2012
‘Credit Where Credit’s Due’, a major report produced in partnership with Lloyds Banking Group which examines innovative funding mechanisms for local infrastructure, was launched on Monday 5th March. The Secretary of State for Communities and Local Government, Rt. Hon. Eric Pickles MP, was the keynote speaker. Lord Shipley, Government Cities Adviser, Cllr Paul Carter, Leader of Kent County Council and Gershon Cohen, Global Head of Project Finance for Lloyds Banking Group also spoke at the launch. The event was held at our offices in Westminster (map) at 2.30pm.
The Government has indicated its intention to facilitate £250bn worth of much needed infrastructure investment over the next few years. At the same time, by devolving new powers to local government, it has given councils greater ability to shape this process. How they use these powers, with less resource coming from the centre, will be crucial.
This report shows how by taking advantage of new funding options such as Tax Increment Financing, bonds, and Enterprise Zones – allied to more creative use of public assets to build long term partnerships – local government can help to re-energise the economy, from the bottom up. This investment will not only create many thousands of jobs in the short- to medium-term, but will leave behind a legacy of transport, energy, communications and waste infrastructure that will benefit the country for decades to come. In particular, this report highlights how pension funds – both private and public – have a key role to play in supporting infrastructure investment via a new National Infrastructure Bank.
Click here to read the full report.
Part 1/2
Part 2/2
Related Pages
Top tips: lessons from the community budget pilots
Live discussion: lessons from the community budget pilots
PluggedIN: Can't get no satisfaction meeting residents' expectations?
by Alex Thomson, in the MJ
Top tips: lessons from the community budget pilots
by Sarah Marsh, the Guardian
Snub for localism
by Jonathan Werran, the MJ
Live discussion: lessons from the community budget pilots
by Sarah Marsh, the Guardian
Funding Britain's Future Needs
Posted in Planning, Housing and Economic Development
The Road to Growth
Posted in Planning, Housing and Economic Development
Counties: Driving Economic Growth
Posted in Planning, Housing and Economic Development
Local Opportunity, National Benefit
Posted in Democracy and Devolution
Localis Conference Opportunities 2013
[Sep 23, 2013]
Localis at LGA Conference 2013
[Jul 2, 2013]
Roundtable: Local government's role in health and public health
[May 16, 2013]
The Road to EUtopia? Britain and the EU after the Bloomberg Speech
[Mar 14, 2013]
- "Localis is fast gaining a reputation for pre-empting the localist agenda, producing thought provoking research and practical policy ideas"Anthony Seldon, author and political commentator
- "Localis’ commitment to decentralisation crosses party boundaries, and their research illuminates policy problems with new practical thinking"Prof George Jones, LSE
- "Localis offers a great blend of a passion for innovation, grounded practical ideas and unswerving belief in the possibilities of local governance"Derek Myers, Chief Executive, Royal Borough of Kensington and Chelsea
