The last legal step to establish the East Midlands Combined County Authority (EMCCA) has been signed and made into law.
Jacob Young MP, Levelling Up Minister, this week signed the regulations that allow for EMCCA to be created. It means that residents across the area will get to vote for the very-first East Midlands Mayor, with elections taking place on Thursday 2 May 2024.
The new combined county authority is all thanks to a devolution deal, which will see the region benefit from a £1.14bn investment package, spread over a 30-year period, alongside devolved powers around transport, housing, skills and adult education, economic development and net zero.
Cllr Barry Lewis, Leader of Derbyshire County Council, said: “The passing of this final piece of Government legislation is an historic milestone for Derbyshire and the wider region.
“It marks the moment when the East Midlands Combined County Authority comes into existence, bringing a £1.14bn devolution deal to our region to improve people’s lives through better housing, improved transport and new job opportunities.
“In many ways it’s only the beginning of this exciting journey and more benefits and funding are already starting to flow – such as the government’s announcement of £1.5 billion local transport funding for the new East Midlands Mayor.
“Year-on-year the new combined county authority will bring even more funding to our region through a strong, collective voice and a national platform.”
Plans for East Midlands devolution are similar to those already in place in other mayoral regions, like the West Midlands and Greater Manchester, and it is estimated that the region will unlock around £4bn of funding over the coming years.
The East Midlands devolution deal, agreed with Government ministers in 2022, will see Derbyshire, Nottinghamshire, Derby and Nottingham benefit from a £1.14 billion investment fund. All four councils approved the creation of EMCCA in December.
In October 2023, the Government announced around £1.5 billion in transport funding for the East Midlands Mayor.
Thanks to devolution plans, the East Midlands has also been invited to establish an ‘Investment Zone’, which will attract £160 million of support over ten years, with tax incentives for businesses that will help boost economic growth right across the region.
Government will continue to work with EMCCA and other partners to co-develop plans for the East Midlands Investment Zone – which will bring in hundreds of millions of pounds of private investment and create thousands of jobs – including priority development sites and specific interventions to drive cluster growth, ahead of final confirmation of the plans.
£18 million has already been awarded to the area during devolution negotiations, which is being spent on improving local housing, transport and skills provision.
Further investment for the region would also be provided through annual Whitehall budgets and spending reviews.
The inaugural election for Mayor of the East Midlands will take place on Thursday 2 May 2024.
For more information on the elections, visit www.eastmidlandsdevolution.co.uk
Businesses in Chesterfield can hear from mayoral candidates for the East Midlands Combined County Authority at the annual Celebrate Chesterfield conference, taking place on 20th March 2024.
