Budget 2026 Fact Sheet: Delivering for Every Region

News story published by HM Treasury on Wednesday, 28 October 2026 at 15:12 UK time · 2026 Burnham Labour government.

What was announced

A factsheet on local and regional growth measures in England.
HM Treasury, gov.uk

This Budget sets out a comprehensive package of local and regional growth measures, putting local leaders in the driving seat of good growth in every postcode. This Budget does this by: i) empowering places through devolution; ii) backing local strengths in cities and towns across the country to drive reindustrialisation; and iii) unlocking the potential of cities and growth corridors to spread opportunity to surrounding areas.
A toolkit of devolved powers and support for the whole of England:
Confirming that the government is in the final stages of agreeing 10 new devolution arrangements, which will mean that over 90% of England’s population will have a devolution agreement, covering the whole of the North for the first time. This means more power over things like buses, housing and skills moving out of Whitehall and into the regions.

Each line is quoted from the original. Figures are as the publisher stated them on the day.

“Today’s announcement will mean that over 90% of England’s population is covered by devolution, covering the whole of the North for the first time.”
“Delivering a major increase in local authorities’ flexible revenue streams by making business rates a fully locally retained tax by the end of the decade, with mayors receiving 20% from April 2027 and local authorities’ share increasing to at least 70% in the coming years.”
“Providing an additional £1.5 billion to deliver 10,000 homes across England, with funding prioritised for Social Rent, especially council homes.”
“This takes the total investment in the Social and Affordable Homes Programme to more than £40 billion over 10 years.”
“Providing £125 million to support 60 English local authorities to transform buildings into what their communities need, from health centres to civic spaces, through the new Derelict Buildings Fund, and supporting local authorities to revitalise their high streets through the High Streets Strategy.”
“Delivering £80 million of new funding for the Local Renewal Fund to support local projects across the UK, including in non-mayoral areas, creating jobs, investing in local economic regeneration, maintaining heritage assets and backing local initiatives that boost economic growth.”

Topics, as GOV.UK files them: Devolution.

Original: https://www.gov.uk/government/news/budget-2026-fact-sheet-delivering-for-every-region
Published 2026-10-28 15:12:34 UTC
Read by this site 2026-10-28 15:15:11 UTC from GOV.UK
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