Manchester set to be first City to ‘earn back’ national tax revenues

Manchester Building Surveyors – Manchester is set to become the first city to be handed the freedom to reinvest its own national tax revenues under the Government’s latest proposed ‘City Deal’.

The deal will include the creation of a ‘revolving Infrastructure Fund’. This will allow Greater Manchester to ‘earn back’ a portion of the tax it generates by investing £1.2bn in infrastructure, on a payment-by-results basis. The Government estimates that up to £30m could be earned back in this way.

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