The Northern Powerhouse agenda presents a genuine opportunity for the North to have greater control over the issues which influence economic growth, such as transport and skills. However, it has to be seen alongside individual devolution deals to city regions, and so far, the picture is patchy to say the least.
Greater Manchester has secured the most from the early round of deals, while Leeds and Sheffield have taken smaller but important first steps, and other areas still have significant progress to make. From a business perspective, this doesn't yet feel like a joined up North getting its act together in a compelling way.
In addition, businesses will not be convinced by pre-election promises from any political parties, as the detail will inevitably emerge later this year as the new government sets out its plans in detail. In particular, the first Queen's speech of the new administration will determine how big a priority this agenda is going to be for the coming years.
On the issue of governance, it is too early to tell. Form needs to follow function, and other than on transport there is no clear governance arrangements to comment on at this stage. Business would like to see some coherence between the city regions and the north, clear opportunities for meaningful business input but above all competent, credible leadership.
To make the most of the Northern Powerhouse, the regions must first set aside the differences between places. It's important that we take pragmatic steps to build credibility with government and business, putting the needs of the economy and the interests of their citizens before any local political tensions. Quite simply, the opportunity for political leaders to demonstrate mature, collective leadership is not to be missed. Doing so will go down well with business, and will positively impact on investment decisions in the coming years.
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