GREATER Essex is one of six new combined authority areas set to benefit from a multi-billion Investment Fund. The fund will secure £41.5 million a year for Greater Essex over 30 years claims Labour.
After years of insecure funding to local authorities under the last Conservative Government, which saw a real-terms cut to central government funding for local councils, Labour is delivering secure, long term funding.
The Greater Essex Mayor, once elected, will be able to use the funding to deliver the homes, jobs and training opportunities that are needed.
In addition to the Investment Fund, Greater Essex will receive at least £3 million from the government to help set up the new combined authority in addition to a further £1 million over the next few months.
Adam Fox, Labour’s candidate for Greater Essex Mayor, said:
“I’m delighted that the new Mayor will receive a big boost to spend on our priorities in Essex. This is secure, long-term funding to invest in Essex and our people. The £41.5 million a year will give the Mayor the security and independence to deliver for the people of Greater Essex.
“My priority is now to ensure I’m listening to residents and local businesses across Essex to understand how, if I’m elected Mayor, I can ensure the funding is used to deliver what we need.”
