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News Release

Birmingham

Comprehensive Spending Review - reaction from Jan Thompson, head of Jones Lang LaSalle’s Birmingham office


Birmingham, 20th October 2010 - Commenting on today's Comprehensive Spending Review announcements Jan Thompson, head of Jones Lang LaSalle’s Birmingham office, says:
“The continuing devolution in power from central through to local government is good news; providing that local authorities listen carefully to their electorate and key stakeholders. 

“With the commitment to Birmingham’s Big City Plan, the revitalising of the city is still dependent on the major developments envisaged in the Plan. The government's confirmation today of the introduction of tax increment financing (TIF) which will allow local authorities to fund key projects, comes at a time when development by private companies remains severely constrained.  TIF could significantly help future development across Birmingham and the West Midlands, which is still needs to be delivered to encourage inward investment into the city.”