The majority of companies across Norfolk and Suffolk back proposals to devolve more powers from central government to cities and regions saying the move would boost confidence and give local businesses a stronger voice, according to new research from financial and business advisers Grant Thornton.
The survey results found nearly 60% of businesses questioned support the idea of devolution with almost half of respondents (42%) feeling devolution would be best achieved jointly by Norfolk and Suffolk rather than individually or with Cambridgeshire or Essex.
The survey asked a range of businesses from across the two counties for their views, including members of the areas Chambers of Commerce.
“Devolution remains a political priority and in both Norfolk and Suffolk, the survey findings suggest substantial business support for the idea. Grant Thornton has also carried out national research*on the topic of devolution which notes that generally, local government are also very positive about making further devolution happen.” said Toby Wilson of Grant Thornton’s Norwich office. “However, it will be up to local authorities and related partners to continue to show they are prepared to make tough decisions regarding scarce resources. They also need to show that these decisions are informed by economic necessity and the best long-term outcomes for the whole area, not temporary local political accommodation.”
When asked about the main reasons for supporting greater devolution, more than two thirds (67%) said it would give businesses more certainty over long term projects such as transport infrastructure, planning and skills provision. A further 64% said devolution would provide local companies with a greater say over key areas including business support and skills, while 36% said it would boost productivity and economic growth.
The findings follow George Osborne’s ‘devolution revolution’ announcement made last month which included plans to scrap the uniform business rate set in Whitehall and give local councils control to set the levy.
The survey results also found that nearly 60% thought greater devolution would motivate them to be more proactive in local decision making and 20% of local firms said it would give them more confidence to employ more staff.
“Devolution offers us an exciting opportunity to release even more of the entrepreneurship, innovation and ideas that drive our local economy.” said Mark Pendlington, chairman of New Anglia LEP. “Our businesses across Norfolk and Suffolk are at the heart of these ambitions, but we know they want more clarity and certainty over key areas such as long-term funding for infrastructure, skills and business funding and support. Our job as a LEP is to ensure those asks are taken and heard in Westminster as we continue our discussions on devolution locally and with Government.”
When asked if a unifying brand would benefit both counties, such as the “Northern Powerhouse” 42% said it would be beneficial, with 81% saying this would provide greater recognition for inward investment across the UK and globally and 55% saying the region has great assets that need exploiting. However, more than half (52%) said there would be no value in electing a regional Mayor to be responsible for the devolved powers.
“The Norfolk business community welcome the opportunities that the Norfolk and Suffolk Devolution proposal could bring to our region.” said Jonathan Cage, President of Norfolk Chamber of Commerce. “The benefits of having greater local decision making and the ability to influence further economic growth and productivity are clear. The Chamber will be working in close partnership with our local authorities to ensure that the Devolution proposal moves forward swiftly. We will ensure that the local business voice is heard and will help support the Combined Authority in their efforts to help deliver greater economic growth and jobs.”
“The Norfolk and Suffolk devolution proposals, such as infrastructure, economic development and skills are in important service delivery areas that are very relevant to our members and to the wider business community.” said Sarah Howard, President of Suffolk Chamber of Commerce. “We very much welcome the ambition to make associated investment decisions ‘closer to home’ and we will be working with our partners to ensure that the proposals are progressed quickly and that there is a strong voice for business aligned to the efforts of the Combined Authority.”
*Research conducted by Grant Thornton and think-tank Localis. Click here to download a full copy of the Making Devolution Work report
