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News Release

Birmingham

Midlands Chairman welcomes news that majority of Heseltine's ideas acccepted


Birmingham, 18th March, 2013 - Jan Thompson, Jones Lang LaSalle's Birmingham-based Midland chairman, welcomed the news that the government had accepted almost all of the 'ideas for regional growth' in Lord Heseltine's No Stone Unturned review.
 
He stressed though that the most important element was yet to become clear; the level of funding which would be released from Whitehall to allow the LEPs to proceed with the Tory grandee's proposals.
 
As a keen observer of the Greater Birmingham & Solihull LEP,Thompson has every confidence that the leadership team has the nous to spend its funds wisely, but central support won't become available until 2015.
 

"It has become a rather over-used response, to government announcements around Budget time, to remind people that the devil is in the detail, but it's still relevant and still true," he said.

"It's fantastic that the chancellor has accepted 81 of Heseltine's ideas, but now we need to know the size of the 'pot' which will allow these concepts to become reality. There are rumours that the Treasury wants to scale back the funding quite considerably, so let's hope these aren't correct.
 
"I'd also like to see which eight proposals have been rejected. We knew the government wouldn't accept Heseltine's call for clarification on its strategy with regard to airport capacity in the south-east, as that was much too hot a political potato, but it'll be intriguing to discover the other seven."​