The East Midlands Combined County Authority has seen its budget skyrocket as a result of receiving Government grants
The new combined authority for the East Midlands now has a spending budget of £160 million – seven times more than last year. As it looks ahead to its first full financial year with an elected mayor, the East Midlands Combined County Authority is setting a £162.5 million spending budget, up from the £20.5 million it had last year.
Many of these are to kickstart projects across the two counties and cities. This capital budget, combined with the spending budget, gives an overall pot of £385 million to be spent over the next year. All in all, the authority claims the Derbyshire and Nottinghamshire area is set to see £120 million more in funding than if the combined authority had not existed. Of its upcoming budget, the combined authority will give £13.5 million to developers to boost house-building on brownfield land, with £75.7 million for highways maintenance improvement – up by £21.7 million.
Cllr Peatfield said the combined authority budget was “considerably less painful than our own council budgets” with her city council set to face £10.2 million in spending cuts including 37 redundancies. Cllr Barry Lewis, Derbyshire County Council leader, said the increase in highways maintenance funding was “very welcome” but said there had been “confusion” over pothole repair money given to local councils.
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