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Sharing investment and risk will lead to greater digital innovation, Tech Forum hears

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Councils should work together to share risk when investing in innovation – with closer ties formed between authorities as part of the local government reorganisation (LGR) process pointing to a potential model to achieve this.

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Speaking at Room151’s Technology, Data and Finance Forum. Jody Etherington, chief finance officer at Cambridge City Council, said LGR had “opened a lot of

Plans to hand mayors a portion of income tax revenues risk funding for richer areas pulling ahead by billions of pounds a year unless carefully designed safeguards are built in, the Institute for Fiscal Studies has warned.

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