Trailblazing new £630m funding settlement announced for Greater Manchester

The Government has confirmed today (Thursday 30 January) that Greater Manchester will receive an historic new £630 million funding settlement, as part of its trailblazing devolution deal.

The new integrated settlement replaces a system of separate funding pots from different Government departments, and gives Greater Manchester more freedom and flexibility to fund local services and invest in our priorities.

It will also enable us to deliver our ambitious ten-year plan to turbocharge growth and deliver tens of thousands of new homes and jobs over the next decade.

Welcoming the new settlement, Mayor of Greater Manchester Andy Burnham said:

“This is the biggest step yet on Greater Manchester’s devolution journey, and we are ready to crack on and deliver for our residents.

“With more freedom and flexibility we can be even smarter about funding local services. We can take a preventative approach, getting to the root causes of the issues facing our communities and delivering more practical everyday support.

“We’ve set out an ambitious long-term vision to deliver thousands of new homes and jobs at a pace and scale not seen in the past 20 years. This game-changing integrated settlement will be the key to unlocking that growth for generations to come.” 

Read the Deputy Prime Minister’s statement to the House of Commons here.

Article Published: 30/01/2025 15:43 PM