The Cambridgeshire and Peterborough Single Pot breaks down
into three components:
Investment Fund Grant
An annual payment of £20m to a maximum of £600m over 30 years.
Annual transport grant of £22.554m each year from the 2017/18 financial
year to the 2020/21 financial year, plus an additional £3.663m from the
National Productivity Investment Fund.
Adult Education Budget
An Adult Education Budget consisting of £11.5 million for the 2019/2020
Alongside the above, in November 2017 the Combined Authority was
provided with £74m from the Transforming Cities Fund.
The story so far
The first official meeting of the Cambridgeshire and Peterborough
Combined Authority took place on 20 March 2017. Elections were
held shortly after and James Palmer, previously leader of East
Cambridgeshire District Council, became mayor.
One particularly notable thing about the Combined Authority is that it
has no Local Enterprise Partnership, after the well-documented demise
of the Greater Cambridgeshire Greater Peterborough LEP in December
2017. After that, the Combined Authority announced that the LEP
would be replaced by a Cambridgeshire and Peterborough Combined
Authority “business board”, a development that has been seen as a
One of the focal points of the Combined Authority’s work has been
supporting the development and publication of a number of reviews
and frameworks regarding the region. A good example was the joint
funding of the Cambridgeshire and Peterborough Independent
Economic Review, a comprehensive assessment of the area’s economy
that will serve well as an evidence base for the upcoming years.