Osborne Reiterates Northern Powerhouse Ambition At Autumn Statement

Package Of Rail, Cultural and Science Investment Announced

03.12.2014

David Shirt, Press Officer | 0161 838 3094

Chancellor George Osborne continued to show his support for the ‘Northern Powerhouse’ initiative at today’s Autumn Statement.

Adding to a range of initiatives already announced, the Chancellor revealed a £235m Sir Henry Royce Institute for Advanced Materials Science which is to be developed in Manchester with branches in Liverpool, Leeds and Sheffield.

He also said that Pacer trains, currently used by Trans-Pennine Express and Northern Rail, will be replaced with tendering due to start soon. As part of the process, the Government said it was looking to increase capacity also.

During the statement, the Chancellor highlighted the recent devolution deal in  Manchester and said that his ‘door was open’ to proposals from other large cities across the North of England.

Expert Opinion
A rebalanced economy is a sustainable economy and we welcome the announcement of further initiatives in relation to the ‘Northern Powerhouse’

“The Chancellor said that it would be at the heart of the Autumn Statement and it was encouraging to hear about the £235m Sir Henry Royce Institute for Advanced Materials Science in Manchester, with branches in Liverpool and also Sheffield and Leeds.

“Businesses will welcome news that the Pacer trains will be replaced along with greater capacity. Improvements in this area are vital in a number of areas, particularly in relation to widening the skills base that businesses can tap into, and I would urge the Chancellor to move forward with this as quickly as possible.”
Paul Firth, Partner