Greater Lincolnshire is set to benefit from £720m in new investment and game-changing powers, after a landmark devolution deal was agreed with Government.
The deal will now progress through its final Parliamentary stage, to allow the forming of a Combined County Authority (CCA) ahead of the Mayoral election in May 2025.
Devolution will mean:
- a 30-year investment fund worth £720m to level-up the whole of Greater Lincolnshire
- a stronger role in setting and delivering Greater Lincolnshire’s priorities
- control over a range of powers and budgets currently administered by central government
- additional powers to tackle challenges and make the most of our economic potential so everyone who lives and works here benefits
- £28m for new a raft of projects to create new jobs
- a new Mayor to give Greater Lincolnshire a louder voice, more influence, and a higher profile, locally, nationally and globally
- even more chances to work together across boundaries and borders.