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10 September 2012

Independent report highlights funding gap

East Midlands Councils today welcomed the publication of an independent report into levels of investment in affordable housing and regeneration in the East Midlands compared to other parts of England.

 The report was prepared by an independent ‘think tank’ the Smith Institute in association with the Nottingham Business School, and will be formally launched on Tuesday 11 September 2012 at the House of Commons.  The research shows that the East Midlands has ‘lost out’ to other parts of England in the battle for investment, despite having strong growth potential and relatively cheap development land. 

The authors believe that Government should give greater recognition to the economic opportunities that exist across the East Midlands when making funding decisions, but also that councils, local enterprise partnerships and housing interests should work more effectively together to make the case for investment.

Cllr Martin Hill, Chair of East Midlands Councils said:
“This report is important to everyone that has an interest in the future prosperity of the East Midlands.  There is huge untapped potential here as well as un-met need. Whilst there is no desire to reinvent old regional structures, we need to work more effectively together to develop a compelling case for investment.”

Cllr Jon Collins, Vice Chair of East Midlands Councils said:
“The success of the Midland Main Line Campaign shows what can happen when councils, business interests and MPs all pull together around a common objective. We need to mobilise the same kind of support for investment in housing and regeneration – and the Government needs to listen.”

The Smith Institute’s report will be discussed by EMCs Executive Board on the 21 September 2012, where the authors will make a presentation on the main recommendations.

 

For more information please contact:

Andrew Pritchard, Director of Policy & Infrastructure, East Midlands Councils

Tel 01664 502 641.  Mobile 07795 060943. 

E-mail: andrew.pritchard@emcouncils.gov.uk

 

Notes to Editors

East Midlands Councils (EMC) is the consultative forum for local authorities in the Region. It provides support to councils to improve their services and is a strong voice for the East Midlands.   www.emcouncils.gov.uk

 

EMC hosted one of the two round table discussions that informed the Smith Institute’s report, and submitted evidence to the authors, Richard Clark and Diana Gilhespy.

 

The full report entitled: ‘Making the most of housing and growth in the East Midlands, a report on removing the barriers to low public investment in the region’ For more information contact Sean Kippin at the Smith Institute on 07816498384 or by email, at sean.kippin@smith-institute.org.uk

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