Hull City Council and East Riding Council have approved the allocation of £24.6 million of funding into key local projects.
This Capital Programme funding is part of Hull and East Yorkshire’s devolution deal, which involves the creation of a Mayoral Combined Authority (MCA), the region’s very own devolved body.
The two council’s have set out how the funding is to be invested, with funds being allocated across the region. The funding will go towards a variety of sectors such as transport, flooding prevention, and redevelopment schemes including Hull’s Queen’s Gardens. £4.6 million will also be allocated to building houses on brownfield land.
The Chief Executives of both councils have celebrated the announced funding. The Chief Executive of East Riding of Yorkshire Council, Alan Menzies, said: “It’s fantastic to secure key funding for our region, as part of the devolution process.
“This funding will play a crucial role in supporting local residents and improving flood prevention measures, transport, and infrastructure.”
Whilst the Chief Executive of Hull City Council, Matt Jukes, said: “I’m delighted that we’ve been able to sign off on this investment, which will provide benefits for the city and the wider area.
“It allows us to tackle issues that are challenging for our region, such as flooding, and invest in vital new infrastructure, such as transport connectivity, and cultural regeneration, whilst also allowing for the building of more homes.
The regions’ forthcoming mayor, who will be elected in May, will able to secure further funding for the region including a £400m investment fund.
By: Andrew Spence, LDRS
