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<p>Since the Northern Powerhouse was launched in 2014, we have seen increased investment,
enhanced international profile for the North and devolved new powers to the North.
Since 2014, we have:</p><ul><li>Released £3.4 billion of Local Growth Funding to locally-determined
projects across the North. The Lancashire Growth Deal - £320 million – is the largest
of its kind outside of city regions. This has included 17 transport schemes, including
£9million for the Clitheroe to Manchester Rail Line.</li><li>Created the Northern
Powerhouse Investment Fund, worth £400 million, to support SME’s to grow and scale-up.
To date, this has supported 280 businesses.</li><li>This Government has delivered
unprecedented levels of investment in better transport across the North – over £13
billion (between 2015/16 – 2020/21) – more than any Government in history. We’ve given
Transport for the North, £260 million, and equipped them with statutory powers to
develop a Strategic Northern Transport Plan. The new Northern franchise will deliver
new trains through the Northern Connect service, linking Accrington, Blackburn, Blackpool,
Burnley and Chorley.</li><li>Supported improvements in education in the North with
£70 million for the Northern Powerhouse Schools Strategy.</li><li>Boosted the international
profile of the Northern Powerhouse through a commitment of £15 million to support
Northern Powerhouse Trade Missions and £7 million for a Northern Powerhouse Taskforce
to boost trade and investment – completed over 50 missions, 18 in the last year alone.</li></ul><p>We
seek to build on this success and have committed to refresh the Northern Powerhouse
Strategy at Autumn Budget 2018.</p>
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