Driscoll backs regional wealth funds

By Chris Mahony | 25 October 2021

The Government should create regional wealth funds that could borrow hundreds of millions of pounds to invest in firms and create jobs, North of Tyne mayor Jamie Driscoll said in a paper published today.

Published by the Royal Society of Arts (RSA), the paper argued that a fund in his area could secure up to £500m of extra investment and create 14,000 jobs.

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