Devolution deal signed for Cambridgeshire and Peterborough
A DEVOLUTION deal for Cambridgeshire and Peterborough that will see the area elect a metro mayor has been formally signed by local government secretary Sajid Javid.
The deal will provide an investment fund worth £20m a year over the next 30 years, along with devolved responsibility over planning and housing powers, including a £100m Housing Investment Fund and an additional £70m ring-fenced to meets the housing needs of Cambridge.
Transport funding and powers will also be devolved, along with new powers over skills and responsibility for the region's adult education budget.
The Cambridgeshire & Peterborough Combined Authority will be headed by an elected mayor, who will be chosen on 4 May.
The local authorities covered by the deal are: Cambridge City Council, Cambridgeshire County Council, East Cambridgeshire District Council, Fenland District Council, Huntingdonshire District Council, Peterborough City Council and South Cambridgeshire District Council.
"The people of Cambridgeshire and Peterborough came up with an ambitious devolution deal which puts them in charge of decisions that matter to them," Javid said.
"This multi-million pound investment into the region is proof that we're backing Cambridgeshire and Peterborough with the resources they need.
"With powers over transport, skills and housing all coming to the area, I’d urge residents to head to the polls on 4 May and vote for their new mayor."