Three quarters of local government leaders do not think the Government will reshape regional regeneration funds after Brexit, according to a new report.
PwC’s annual The Local State We’re In survey of council chief executives, finance directors and leaders shows 74% are not confident central government will engage with local government in reshaping regional investment and regeneration funds after Britain leaves the EU.
The scale of concern and difficulties facing local authorities indicates that the significant investment funds available through the GDF siting process are potentially of interest not just to disadvantaged communities, but will attract the attention of areas from all parts of the country.
Almost three quarters (72%) of those surveyed said a lack of investment in infrastructure was a key barrier to place-based growth in their area, while 61% identified a lack of influence over skills and 60% said a lack of affordable or suitable housing was also holding back growth.
Survey publisher, PwC’s head of local government Jonathan House, said: “While local councils have done well against an ongoing course of challenges, the cliff edge for some is getting ever closer. With another Spending Review next year, as well as the UK’s formal exit from the EU, the landscape will become incredibly tough – the resilience they have shown so far will be tested to the max.”
Anyone involved in the GDF siting process needs to be aware of sentiment and issues within the local authority sector. Other relevant key findings from the PwC survey include: