To ask Her Majesty's Government when they will decide on (1) Sheffield City Region’s borrowing plans announced in March, and (2) a debt cap agreed by the Treasury and Sheffield City Region.
This question was answered on 26th May 2021
HM Treasury will engage with the Sheffield City Region Combined Authority regarding with the proposed borrowing plans and the agreement of a debt cap. The time it will take to agree the debt cap and assess the borrowing plans will depend on the information provided to HM Treasury and the outcome of negotiations between the department and Sheffield City Region.