The Budget 2016: A breakdown of regional investment throughout the UK

London

• Crossrail 2 80m development funding
• Near 100 per cent business ratesretention with the Greater London Authority
• Support for the expansion of the RoyalCollege of ArtsBattersea Campus
• Support for the British Library to develop itsCentral London site

South East of England

• National Infrastructure Commission to make proposals on developing theCambridge-Milton Keynes-Oxford corridor
• £7m to improve rail station facilities atRedhill, Newbury and High Wycombe

South West of England

• West of England Devolution agreement,including 900m gainshare pot, devolvedtransport budget and powers over adult skills
• £19m from stamp duty receipts to community-ledhousing schemes in areas where the impact ofholiday homes is most acute
• £5m additional development funding toimprove resilience on the Dawlish rail line
• Increase in grant funding to 14.5m forultrafast broadband
• New Enterprise Zone for Cornwall
• £3m to improve rail station facilities
• £2m to refurbish the Hall for Cornwall in Truro

Read more about the Budget 2016:

• Capital gains tax cut from to 20 per cent to boost businesses
• George Osborne to cut corporation tax to 17 per cent
• Full transcript of chancellor George Osborne’s speech

Midlands

• Over 250m Midlands EngineInvestment Fund for smaller businesses
• Midlands Connect put on a statutoryfooting as well as and development of itspriority roads schemes,including M1 upgrades, and improvementson the A45, A46,M42 and M5
• Greater Lincolnshire DevolutionDeal, including 450m gainsharepot, devolved transport budgetAnd more joined-up adult skillsAnd criminal justice
• New Enterprise Zones for LoughboroughAnd Leicester, and for Brierley Hill, Dudley
• £16m grants to aerospace industryincluding 7m for Rolls-Royce in Derby
• £14m for STEAMhouse, a newinnovation centre in BirminghamsCreative Quarter,Digbeth

Northern Powerhouse

• Over 150m investment in flood defenceschemes in Leeds, Cumbria, Calder ValleyandYork
• £13m for Hull UK City of Culture 2017
• Additional 130m to repair roadsAnd bridges in Cumbria, West Yorkshire,Northumberland, Greater Manchester, DurhamAnd North Yorkshire
• £20m per year Northern PowerhouseSchools Strategy to improve schools
• £15m for National Institute for Smart DataInnovation, Newcastle
• £161m to accelerate transformation of theM62 into a smart motorway, reducing congestion
• £75m to fast-track development of majornew road schemes including on the M60,A66And A69 and Trans-Pennine tunnel
• £60m to green light HS3 between Leeds andManchester and for other major city raillinks
• £300m further investment in transportincluding:

1. Extension of Sheffield City Region Enterprise Zone, subject to agreement
2. Working with Greater Manchester to devolvepowers over criminal justice services
3. New Life Chances Investment Fund

East of England

• Devolution deal with East Anglia, including:

1. £900m gainshare pot
2. £175m ring-fenced-housing fund and devolved transport and adultskills budgets
3. £151m towards building new river crossingsAt Lowestoft and Ipswich
4. £50m for a new world-leading centre forfood and health research at Norwich
5. £5m to redevelop St Albans City rail station

Scotland

• A 1bn package of measures to supportthe oil and gas industry in Scotland
• £5m for the City of Dundees V&Adevelopment
• Freezing duty on Scotch whisky
• Opening negotiations on a city deal for Edinburgh and South East Scotland

Wales

• £500m over 20 years for the CardiffCapital Region City Deal
• Halving tolls on the Severn River crossings in 2018, subject to consultation
• Opening negotiations towards aSwansea Bay City Region deal
• Opening the door to a growth dealfor North Wales

Northern Ireland

• Stormont House Agreement funding nowdelivering infrastructure investment
• £4.5m for an air ambulance service inNorthern Ireland
• Pilot Enterprise Zone near Coleraineoffering Enhanced Capital Allowance

The Budget 2016: A 500-word summary for entrepreneurs and SME business owners