Big City, Big Win
March 22, 2012
The Budget 2012 has proved most successful for the biggest cities in the UK. Belfast, Birmingham, Bradford, Bristol, Cardiff, Edinburgh, Leeds, London, Manchester and Newcastle will become “broadband super-connected cities” claiming part of the £100 million fund.
Manchester seems to be the winner overall with an investment of £30 million from 2015/16 to support its new infrastructure investment Earn Back Model. As a core city it may also benefit from the £150 million to support the second round of Tax Increment Financing.
All local authorities will be able to look forward to part of the £30 million being given to new local support schemes for council tax as well as increases in several other funds. However, if that is all they will receive compared to the big cities they may feel a bit hard done by and overall the general funding picture for the public sector is still pretty bleak. It is one of cuts rather than spend with continuing decreases in budgets.