Devolution can be a catalyst to unlock private finance

By Stuart Howie 2025-06-19T06:00:00

As part of Building’s Funding the Future series, Stuart Howie, principal and head of regeneration at Avison Young, considers the role of devolved authorities in attracting investment

There is no hiding from the ambitious housing and infrastructure targets set out by the government. But with public finance under pressure, how these projects will be funded and financed remains unclear.

What is clear is that devolution – highlighted by the rise of elected mayors and combined authorities – has a key role in helping the government to meet its delivery ambitions across the country.

Devolution, when implemented effectively, offers a powerful tool to attract investment. While it is not a silver bullet for unlocking private finance, it can assist on several levels.

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