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02/02/2004
Investment set to narrow North/South economic gulf
Cities like Sheffield, Newcastle, Liverpool and Leeds are set to benefit from measures to close the north-south divide, it has been announced today.
Northern regions could be £30 billion a year better off if their economic performance rose to the English average and an extra 200,000 jobs could also be created.
Deputy Prime Minister John Prescott today announced the plans to: put £155 million into the housing market in parts of Merseyside and the Newcastle -Gateshead area; work with regional development agencies and planning bodies to exploit economic and transport links; and develop a 'northern growth corridor' to bring in new investment.
The steps are set out in the report 'Making it happen - The Northern way', which is the second update on the £22 billion government programme to transform communities through better housing, planning and economic development.
"There is new confidence and energy in many of our northern towns and cities. After years of decline, people are moving back," said Mr Prescott.
"But they face a different set of challenges from the south east of England especially the economy - therefore we need different solutions to different problems."
The government has also announced the local authority winners of an £89 million fund for urban parks and green spaces in 27 pilot areas.
(gmcg)
Northern regions could be £30 billion a year better off if their economic performance rose to the English average and an extra 200,000 jobs could also be created.
Deputy Prime Minister John Prescott today announced the plans to: put £155 million into the housing market in parts of Merseyside and the Newcastle -Gateshead area; work with regional development agencies and planning bodies to exploit economic and transport links; and develop a 'northern growth corridor' to bring in new investment.
The steps are set out in the report 'Making it happen - The Northern way', which is the second update on the £22 billion government programme to transform communities through better housing, planning and economic development.
"There is new confidence and energy in many of our northern towns and cities. After years of decline, people are moving back," said Mr Prescott.
"But they face a different set of challenges from the south east of England especially the economy - therefore we need different solutions to different problems."
The government has also announced the local authority winners of an £89 million fund for urban parks and green spaces in 27 pilot areas.
(gmcg)
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Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
