The Former Deputy Prime Minister Lord Heseltine was in Birmingham today to announce plans which would see £11 billion of investment for the Midlands.
He wants to boost economic growth around the country by dividing investment between five regions instead of concentrating on the capital.
George Cowcher, Chief Executive of the Derbyshire and Nottinghamshire Chamber of Commerce said today that Lord Heseltine's review of UK competitiveness, is an issue they have been lobbying for some time.
– George Cowcher, Chief Executive of the Derbyshire and Nottinghamshire Chamber of Commerce
"The Chamber welcomes recommendations contained in this wide-reaching report, which identifies a number of priority areas such as education, infrastructure, planning and access to finance, which need to be addressed in order to boost the strength of the UK as a whole, by placing greater emphasis on the growth of the regional economies."
Former deputy Prime Minister Lord Heseltine is in Birmingham today to announce an £11bn government investment proposal for the Midlands.
It's part of the government's plans to devolve power from Whitehall to the regions.
Chancellor of the Exchequer George Osborne said:
– Chancellor of the Exchequer George Osborne
"I wanted Lord Heseltine to do what he does best: challenge received wisdom and give us ideas on how to bring Government and industry together. He has done exactly that. This is a report bursting with ideas and we will study it very carefully."