Action being taken in your region

The Spending Review is building a stronger economy by cutting the deficit and prioritising private sector-led growth, fairness and public sector reform.

To encourage growth in the regions, the Spending Review announces:

the creation of a UK-wide Green Investment Bank that will be funded by a £1 billion spending allocation and additional proceeds from the sale of Government-owned assets. The bank will encourage significant additional investment in green infrastructure;
a £1.4 billion Regional Growth fund to support projects with significant growth potential; helping areas move from public sector dependency to sustainable private-sector growth and employment.

The Government is committed to rebalancing the economy, including by stimulating private sector growth in all regions. The regional distribution of public sector employment impacts will be determined by the decisions of individual employers.

The OBR Budget forecast employment to increase by around 1.3 million over the next five years. Regional distribution of the public sector employment impacts attached to the Spending Review will be determined by the decisions of individual employers. The OBR has not published forecasts on a sub-national level.

Use the map below or the list of regions to the right to see what action the Spending Review has announced for your region.

Action being taken in your region

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The Spending Review announcement

About Spending Review