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:
- Extension of Sheffield City Region Enterprise Zone, subject to agreement
- Working with Greater Manchester to devolvepowers over criminal justice services
- New Life Chances Investment Fund
East of England
- Devolution deal with East Anglia, including:
- £900m gainshare pot
- £175m ring-fenced-housing fund and devolved transport and adultskills budgets
- £151m towards building new river crossingsAt Lowestoft and Ipswich
- £50m for a new world-leading centre forfood and health research at Norwich
- £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
