City Deal: Bristol
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
The City Deal for Bristol City Region is part of the first wave of City Deals to get the go-ahead from government.
The deal includes:
- the Growth Incentive Proposition: the West of England authorities will be allowed to keep 100% of the growth in business rates raised in the city region’s Enterprise Areas, over a 25-year period and use this with other funding sources to create an Economic Development Fund for the West of England
- more powers to invest in and improve transport, including a 10 year transport funding allocation from the post-2014 national Major Transport Scheme Budget for the Greater Bristol Metro; programme flexibility for the delivery of the Bus Rapid Transit network enabling the West of England to recycle savings locally and new powers over rail planning and delivery
- giving the business community influence over skills provision through the People & Skills Programme
- creating a City Growth Hub, an investment service that will pool expertise and capacity across the West of England and support inward investors to help grow their businesses and find the right skills locally to match their needs