Commenting on the West Midlands devolution deal, announced today in Coventry by the Chancellor, Mike Steventon, Midlands Regional Chair at KPMG, said:
"Today's devolution deal will undoubtedly be seen in years to come as a landmark moment in the economic growth of our region. By giving the West Midlands Combined Authority the power and funding to act on our infrastructure, our jobs, our public services and our homes, we will see those who understand the needs of our region given the responsibility to drive it forward. A great deal of kudos must go to the regional councils and LEPs for their persistence and determination to make this deal happen.
"The Government has used the term 'engine for growth' to describe the Midlands, and this is our chance to really get that engine running. As a member of our business community, I know that we are willing and able to work in partnership with the WMCA, grasp this opportunity and see the West Midlands secure its place on the global economic stage."
Frances Shennan, +44 (0)121 335 2575, email@example.com
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.