About Northern Powerhouse
The Northern Powerhouse is the UK Government-led initiative to rebalance the economy away from London and the South East.
It is supported by significant Government funding, including a £13bn fund to improve transport infrastructure plus considerable investment in science and innovation. The £400m Northern Powerhouse Investment Fund is also being put in place to help small businesses to grow. Investments in education and science include £325m to support the Sir Henry Royce Institute which aims to be a world leader in materials research, and £250m in research and development for nuclear reactors and transport
Revenue-raising powers are also being devolved to city regions, which will allow local control over transport, skills and other areas - a Transport for the North organisation which spans the region is helping to shape improvements in the transport infrastructure between the towns and cities that make up the Northern Powerhouse