29 Jul '15, 6am

Singapore Cash To Pay For Northern Powerhouse

Singapore Cash To Pay For Northern Powerhouse

By Faisal Islam, Political Editor The Prime Minister's concept of a northern powerhouse took off today with most of the Singaporean leadership saying they'd pour funds into northern England. Singapore's Government runs sovereign wealth funds worth $500bn (£320bn), amongst the biggest in the world. Some of that money alongside private Singaporean investment is now heading to the M62. Mr Cameron personally insisted on running the first ever northern powerhouse trade mission alongside his four-country trip to South East Asia. He said investment in the North would be the “Government’s legacy”. Play video "George Osborne: Full Interview" Video: George Osborne: Full Interview And the transformation of Britain's biggest cities will be possible because it will be funded not by a cash-strapped British public sector, but by the private sector of the east. In meetings with investors,...

Full article: http://news.sky.com/story/1526967/singapore-cash-to-pay-f...

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