Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Friday 16 September 2016 9:26 am

Northern Powerhouse: George Osborne confirms plans to lead new partnership on flagship policy

By: Francesca Washtell

Add as a preferred source on Google

George Osborne has confirmed plans to lead a new Northern Powerhouse Partnership and has said he will stay in the Commons to "fight for things I care about". 

At an event in Manchester this morning the former chancellor pledged to preserve and build on the work towards his flagship policy he started while at Number 11. 

The establishment of a new Northern Powerhouse body was revealed exclusively by City PM earlier this week. 

Read more: It's more vital than ever that the Northern Powerhouse succeeds

Osborne said: "It's only been two years since I set out this vision as chancellor, and already we've made incredible progress. We’ve got agreement to create powerful new elected mayors in places like Liverpool, Manchester, Teeside and Sheffield – with elections next year.

He said he had "no idea" if the Northern Powerhouse project would be successful when he launched it in 2014. 

"Instead, I’ve been completely bowled over by the huge support it has attracted from across the north, from all political parties, and from the public and private sectors. It has exceeded any expectations I might have had," he said today.

Of course, it’s still early days. Turning around 100 years of relative economic decline can't happen overnight. But there is now a real excitement in the north about what we can achieve when we work together.

If we're going to end the North-South divide we do need a partnership with national government, but we can't just expect Whitehall to do it all. It has to be a team effort. 

There is now a real excitement now in the North about what we can achieve if we work together. I don’t want us to lose that.

Read more: Infrastructure needed at the heart of devolution to boost growth

Osborne also announced that the former mayor of New York Michael Bloomberg will partner with the new project to support new mayors in the north of England. 

The former chancellor's think tank drive comes after doubts have emerged over Theresa May's commitment to the plans for infrastructure investment and devolution in Northern cities.

Labour's candidate for mayor of Greater Manchester, MP Andy Burnham, praised Osborne's efforts for an economic and political boost to the north of England. 

Read more: Small cities are key to Northern Powerhouse success, says think tank IPPR

"After a summer of speculation about the future of the Northern Powerhouse, George Osborne's intervention in this debate is extremely helpful," Burnham said. 

"He knows how wrong it would be for the Tory party to have made promises to the north in advance of an election to abandon them shortly after."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • A £3bn reckoning that will reshape buy now, pay later

  • Government accelerates social media crackdown with midnight curfews

  • Bank of England governor opens door to ‘simplifying’ financial rulebook

  • First Trust Global Portfolios Management Limited Announces Distribution for certain sub-funds of First Trust Global Funds ICAV

  • Alkermes to Report Second Quarter Financial Results on July 28, 2026

More from City PM

  • George Osborne: Manchesterism is a real thing but Burnham ‘only part of the story’

    Politics
    George Osborne speaking at a business conference, wearing a suit, addressing economic issues and policy changes in the UK.
  • Burnham must walk a tightrope on his ascent to Downing Street

    Politics
    Andy Burnham discussing new policy agenda at a press conference with backdrop of city skyline and audience in attendance.
  • Burnham turns to ex-OBR and Bank of England chiefs on economic policy

    Politics
    British Chambers President Andy Haldane speaking at a business conference, addressing economic growth and industry challen...
  • Is Andy Burnham a left-wing Liz Truss?

    Politics
    Andy Burnham
  • ITV says ‘no guarantees’ on jobs after £1.6bn Sky deal

    Media
    Studios revenue rose three per cent to £893m, driven by an 11 per cent jump in external sales to streaming platforms.
  • Multiply Media Group Expands into Saudi Arabia Through Strategic Partnership with Cenomi Centers and the Launch of BackLite KSA

    Business Wire
  • ‘No authority’: Starmer under pressure to quit after Burnham wins in Makerfield

    Politics
    Breaking news graphic with bold text on a vibrant background, emphasizing current events in the general news category
  • ‘Unsustainable’ – Iceland boss and Labour peer calls for end of triple lock pension

    Economics
    Iceland's Richard Walker

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook