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<p>Sheffield City Region Combined Authority is currently able to borrow in relation
to its functions as a transport authority. The ability to borrow in relation to all
functions is subject to the agreement of a debt cap with HM Treasury, which Sheffield
City Region have requested following the full implementation of their devolution deal.
These borrowing capabilities are consistent with those available to other Combined
Authorities.</p><p> </p><p>HM Treasury will make an assessment of Sheffield City Region’s
borrowing plans to inform discussions on any debt cap.</p>
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