Mark Whitehead 15 May 2019

Think tank calls for creation of a British Investment Bank

Think tank calls for creation of a British Investment Bank image

An investment bank should be set up to 'kick start a productivity revolution' after Brexit, according to a local government think tank.

Localis says the Government must guarantee that money currently given by the European Investment Bank and EU structural funds should continue but should be handled by a British equivalent.

It says a 'renewed relationship of trust and respect' is needed between local and central government' to restore 'economic purpose'.

Hitting Reset – a case for local leadership’ says providing financial resources for economic investment, freedom to raise local revenues to fund vital local services and a transfer of powers from Whitehall to local level are 'vital to rebuilding a strong local state capable of rebalancing the national economy'.

A British Investment Bank would enable regional productivity to be democratically accountable and the next Spending Review should set out a replacement to EU funding until 2025.

Localis also calls for a Royal Commission into fiscal devolution as the first step to providing long-term surety of resources, empowering the local state to drive vital 'place-based economic and social reforms'.

In the shorter term, local authorities should be given the freedom to set council tax levels and keep full business rates revenues.

Localis CEO Jonathan Werran told LocalGov: 'A British Investment Bank would be able to allocate resources where they are most required to kick start a much-needed productivity revolution.

'It would mean investment could be organised and agreed at local level and stimulate growth.'

Ann McGauran reports in further detail on the report (£).

Harnessing the best of the West image

Harnessing the best of the West

Ann McGauran reports on the launch of Metro Dynamics’ report making the case for the creation of the UK’s next wealth generator – the Great Western Powerhouse
Highways jobs

Solicitor/Barrister Advocate - Children’s x4

Sandwell Metropolitan Borough Council
Band I, SCP 44 - 47 (£46,564 - £49,538 per annum) (£24.14 - 25.68 per hour)
A fantastic opportunity to join an exciting, dynamic, pioneering new advocate team in Sandwell. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Solicitor/Barrister Governance Principal Business Lead

Sandwell Metropolitan Borough Council
Band I, SCP 44 - 47 (£46,564 - £49,538 per annum) (£24.14 - £25.68 per hour)
A fantastic opportunity to join an exciting, dynamic, pioneering legal team in Sandwell. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Employment Solicitor/Barrister Advocate

Sandwell Metropolitan Borough Council
Band I, SCP 44 - 47 (£46,564 - £49,538 per annum) (£24.14 - £25.68 per hour)
A fantastic opportunity to join an exciting, dynamic, pioneering new advocate team in Sandwell. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Solicitor/Barrister Advocate - Criminal

Sandwell Metropolitan Borough Council
Band I, SCP 44 - 47 (£46,564 - £49,538 per annum) (£24.14 - £25.68 per hour)
A fantastic opportunity to join an exciting, dynamic, pioneering new advocate team in Sandwell. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Transportation Planning Officer x2

Sandwell Metropolitan Borough Council
Band F, SCP 26-31 (£29,636 – £33,799 per annum) (£15.36 - £17.52 per hour)
The post holders will be part of a team developing transport policy encompassing all modes of travel Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Local Government News

Latest issue - Local Goverrnemnt News

The June issue of Local Government News contains the full details of all the winning schemes in the 2019 Street Design Awards. From Children's Play to Pedestrian Environment, find out who has been recognised for their innovation and use of best practice.

This issue also explores how local government pension funds can hedge currency risk, how councils can best address the shortfall in school places, and an update on the number of authorities banning the use of Roundup over safety fears.

Register for your free magazine