Threads / Locally-Led Development Corporations / Whilst the Government’s plan to allow all mayors of strateg…
Committee Material Published 28 Oct 2025 ↗ View on Parliament

Whilst the Government’s plan to allow all mayors of strategic authorities to charge Mayoral CIL is a welcome step towards greater fiscal devolution, the Government must go further to support local leaders with revenue raising powers to deliver infrastructure and housing. In particular, the Government should enable greater use of Tax Increment Financing—a model which has delivered successfully in London—to fund infrastructure in cities and in New Towns. (Recommendation, Paragraph 103)

Whilst the Government’s plan to allow all mayors of strategic authorities to charge Mayoral CIL is a welcome step towards greater fiscal devolution, the Government must go further to support local leaders with revenue raising powers to deliver infrastructure and housing. In particular, the Government should enable greater use of Tax Increment Financing—a model which has delivered successfully in London—to fund infrastructure in cities and in New Towns. (Recommendation, Paragraph 103) Type: recommendation | Number: 20 | Response status: no_published_response Government response: 59. A full Government response to the New Towns Taskforce’s report is planned for Spring 2026 which will contain more information on financing models. Each location will have differences in size, geography and infrastructure needs which will influence the financing models used. The Department is exp