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A. There is a huge programme of work to deliver and a feature of our approach to making it happen will be to have strong leadership from both the public and private sectors. As such, the key decisions as City Deal moves forward will be made by a new City Deal Executive, accountable to the Board of Lancashire Enterprise Partnership. The City Deal Executive will consist of:
A. Changes to roads and other projects that proceed as part of the City Deal will need to go through the same planning process as usual – the agreement does not mean the detailed schemes City Deal talks about have been signed off in planning terms, although all of the sites for housing are already allocated sites and road schemes have been published in the Central Lancashire Transport Master Plan. As proposals are taken forward each individual element will be communicated and consulted upon as appropriate, according to the usual processes. Information about the City Deal in general, including details of specific schemes, will be regularly communicated to the public through the media and online.
A. The forecast number of new jobs is based on analysis of Preston and Lancashire's actual economic performance over recent years and its potential as an employment base, both of which compare favourably to most parts of the UK. The number reflects an ambition to help create a similar number of new jobs in the next ten years as the previous ten, recognising that the transport infrastructure in particular must grow to accommodate it. There are already plans for new homes at many sites in the City Deal area that are on hold or constrained by transport infrastructure; many of these plans will progress with the provision of appropriate infrastructure and we forecast many more will come forward to reflect the increasing number of employment opportunities in the area.
A. No, the City Deal is an agreement for specific activities to take place in order to achieve economic growth in Preston and Lancashire. City Deal has been funded on that basis and these funds are ring-fenced. The City Deal is separate from the debate about the future of the bus station.
A. The security of investments made by the pension fund is always the main consideration. Essentially there will be no difference in the way the fund is invested, other than £100m of it will be targeted towards local schemes. The pension fund has a very strong track record and, by dedicating some investment to Lancashire, we simply aim to ensure the local area benefits from its support.
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