Chancellor says scheme aims to bridge gap between Whitehall and local leaders to avoid previous top-down approach
Rachel Reeves will instruct bosses of the national wealth fund (NWF) and the new Office for Investment to work with regional mayors for the first time, as part of a package of initiatives to boost growth.
After a meeting of combined authority mayors and civil servants in Rotherham on Thursday, the chancellor said a deeper relationship between Whitehall and regional leaders would enhance her push to enhance growth nationally.
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