Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:38 pm on 5 July 2017.
Building on the North Wales Economic Ambition’s Board growth vision document last summer, the team developing the growth deal bid have called for devolved powers to be granted to the region, including skills, transport, strategic land use planning, business innovation, advisory functions, careers advice and taxation. By taxation, they’re not referring to business rates, but to tax increment financing. What consideration have you given, or are you giving, to that call, where such financing, which I believe is available to local authorities in England, relates to borrowing funded by the future growth in business rates receipts resulting from the projects developed through the growth deal?