Chris Hearld, North Region Chairman at KPMG UK commented on the £1.6 billion Stronger Towns Fund launch.
Commenting on the £1.6 billion Stronger Towns Fund launch, Chris Hearld, North Region Chairman at KPMG UK said:
“Today’s Stronger Towns Fund announcement is positive but, as always the challenge will be in the delivery.
“The left behind towns which Brexit has acutely highlighted haven’t just skipped a recent funding round - their problems are more deep rooted. They have often suffered from structural weaknesses in education, connectivity and infrastructure. If this fund is going to make a difference it must target critical geographical areas across the country and specific investment criteria.
“This must be the start of a much bigger move to re-energise the overlooked and ignored. Sharing the drivers and proceeds of growth more evenly has to become business as usual – not some novel investment process.
“The UK is approaching a pivotal point in its economic history and we’ve seen how the Brexit process has consumed government capacity over the last two years. In the meantime the world is changing under our feet. The UK badly needs to fix the fundamental conditions for pan-UK growth if we are to repair problems of social division, uneven and piecemeal investment around the country, plus a growing skills gap.”
Notes to editors:
About KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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