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  3. Does Devolution Hold The Key To Greater Investment In The Built Environment?

Does Devolution Hold The Key To Greater Investment In The Built Environment?

Does Devolution Hold The Key To Greater Investment In The Built Environment?
Does Devolution Hold The Key To Greater Investment In The Built Environment?, Manchester Town Hall (Alfred Waterhouse)
Manchester Town Hall (Alfred Waterhouse)

The British city of Manchester, often seen as the UK's second city alongside Birmingham, will become the first metropolis outside of London to be given greater local autonomy over budgets and city planning. The devolution deal, which will also see the city receive the right to directly elect a Mayor (in line with large cities in the US, for example), will furnish the city with "a new housing investment fund worth up to £300million." As it is understood that the first Mayor of Greater Manchester will be elected in 2017, there's time to discuss how this new political environment in the UK might help boost building in what has described as a "Northern Powerhouse."

Do you think that decentralising power will increase investment in building projects? Leave your comments below.

Story via Architects' Journal

Cite: James Taylor-Foster. "Does Devolution Hold The Key To Greater Investment In The Built Environment?" 05 Nov 2014. ArchDaily. Accessed . <https://www.archdaily.com/564441/does-devolution-hold-the-key-to-greater-investment-in-architecture/> ISSN 0719-8884