News  »  Chancellor's Autumn Statement mentioned Cambridge area

Here's the extract of note:-

2.34 Greater Cambridge Gain Share – The government is committed to delivering with Greater Cambridge their proposals on Gain Share – a payment by results mechanism whereby the local area will be able to keep a larger proportion of the proceeds of economic growth generated in, and around, the city of Cambridge. This recognises the growth potential that exists in Greater Cambridge and will drive economic growth and accelerate transport and housing infrastructure by unlocking over £1 billion of investment. The government will announce details on how this proposal will work alongside Budget 2014. Further information on City Deals will be announced in due course.