Whitehall should reopen the conversation about ‘meaningful’ fiscal devolution in order to help places attract sustainable investment, says report on the progress of combined authorities.
The study, published today by business and financial advisers Grant Thornton and the law firm Bond Dickinson, is billed as the first benchmarking report on the performance of mayoral and non-mayoral combined authorities (CAs).
While it is still ‘early days’ in the lives of CAs, the report – which provides detailed analysis of the progress of each newly formed authority – noted ‘early signs are emerging of their potential to innovate and drive success.’
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