The Solent Local Enterprise Partnership (LEP) has backed proposals for a Solent combined authority.
The combined authority would see Southampton, Portsmouth and Isle of White councils come together to secure more local powers from Westminster.
If the pans go ahead, the new combined authority is expected to receive an extra £30 million of funding a year to improve local infrastructure and promote growth.
Hampshire County Council has opposed the plans, meaning that it will be excluded from the combined authority and any devolution deal it secures.
Gary Jeffries, Solent LEP Chairman, said: “An additional £30m per year investment in the infrastructure of our area has the potential to make a major contribution to business growth and productivity. However, there is also an opportunity for the emerging Solent combined authority to align with the work of the LEP to have an even greater impact on the future our economy.”
The government has announced new emergency measures to tackle the current housebuilding crisis in London and unlock tens of thousands of homes.
The Chancellor has appointed growth and productivity expert Dr Anna Valero as an Industrial Strategy advisor.
The Chancellor has announced a £500 million investment package to deliver growth in the Oxford to Cambridge Corridor and cement its status as
New data from Ordnance Survey (OS) will be used to support safe walking across Great Britain.
The government has announced new financial penalties for water companies who commit environmental offences.
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