{"id":27525,"date":"2023-03-27T16:44:55","date_gmt":"2023-03-27T15:44:55","guid":{"rendered":"https:\/\/cavendishconsulting.com\/?p=27525"},"modified":"2023-06-14T10:37:27","modified_gmt":"2023-06-14T09:37:27","slug":"a-new-deal-for-the-west-midlands","status":"publish","type":"post","link":"https:\/\/cavendishconsulting.com\/article\/a-new-deal-for-the-west-midlands\/","title":{"rendered":"A New Deal for the West Midlands?<\/strong>\u00a0"},"content":{"rendered":"\n

Jeremy Hunt\u2019s first budget\u202fcemented The West Midlands Combined Authority\u2019s (WMCA)<\/a> status as a \u2018trailblazer\u2019\u202fauthority. The\u202fWMCA\u202fcovers 2.9 million people living in Birmingham, Coventry, Wolverhampton, Dudley, Sandwell, Walsall\u202fand Solihull.\u202fIt\u202fis the largest in England and has been led by Conservative Mayor Andy Street since its creation in 2017.\u202f <\/p>\n\n\n\n

The deal announced in the budget\u202fshould\u202fnot come as a surprise.\u202fLengthy discussions regarding\u202fa new devolution deal for the region have been underway for some time.\u202fBut the confirmation of new funding for brownfield regeneration will be of particular interest to developers who might be looking for potential growth in the West Midlands.\u202f\u202f 

The\u202f\u00a3500 million in new funding and new powers to act in partnership with government over land disposals, will be of particular significance\u202fin the Black Country, where large areas of un-developed brownfield land remain. With a new metro line under construction and civil servants moving into Wolverhampton,\u202fopportunities to take advantage of this funding to unlock new\u202fdevelopment sites will be a boon for Conservative-led councils wanting to demonstrate a \u2018levelling-up\u2019 impact in their area. The budget confirmed an\u202fadditional \u00a360 million of funding towards the metro line, enabling it\u202fto\u202ffulfil\u202fthe ambition of joining Brierley Hill and Dudley into the wider network via a connection at Wednesbury.\u202f\u202f <\/p>\n\n\n\n

The WMCA already has a strong track record of unlocking developable sites and this new deal will turbo charge these efforts. The\u202fCombined Authority has\u202fbeen key in supporting significant housing schemes such as Longbridge (which BECG\u202fsupported), Perry Barr and Friar Park.\u202fThese\u202fschemes alone will deliver thousands of new homes, many of which will be affordable.\u202f\u202f <\/p>\n\n\n\n

The constitution of the WMCA ensures that the co-operation of the leaders of the various local authorities is an essential part of the decision-making process. This makes a virtue of the political balance in the region, which means that Labour and Conservatives each have four voting members on the WMCA cabinet. This well-developed pattern of cross-party co-operation is a contrast to the Labour dominated Liverpool, Manchester and South Yorkshire authorities. This ensures that a greater degree of political buy in exists and political change within constituent councils does not disrupt the decision-making process, even as the power of the authority\u202fgrows.\u202f <\/p>\n\n\n\n

Whilst the new devolution deal does not introduce the level of fiscal devolution that some in the region would like to see, it does include provision for more business rate retention. This represents a significant step forward in terms of\u202fautonomy\u202ffor the WMCA and will be welcomed by those who believe that regional devolution is critical to the UK\u2019s future prosperity.\u202f\u202f\u202f\u202f\u202f <\/p>\n\n\n\n

The political maturity of the WMCA, the government\u2019s willingness to support investment zones in the region and the rapid growth already happening should ensure that opportunities for investment into our built environment continue to emerge across the West Midlands. The new deeper devolution deal is a sign of confidence from the government in the region and the WMCA\u2019s ability to deliver. <\/p>\n\n\n\n

If you want to know more about the devolution settlement in the West Midlands and what it means for your ambitions do get in touch with us at the BECG Midlands team.<\/a>  <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Jeremy Hunt\u2019s first budget\u202fcemented The West Midlands Combined Authority\u2019s (WMCA) status as a \u2018trailblazer\u2019\u202fauthority. <\/p>\n","protected":false},"author":24,"featured_media":27527,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1,166],"tags":[46,184],"post_expertise":[],"post_service":[],"acf":[],"yoast_head":"\nA New Deal for the West Midlands?\u00a0 - Cavendish<\/title>\n<meta name=\"description\" content=\"Better communications for a better Built Environment. 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