Devolution has become one of the most used—and most misunderstood—words in British economic policy. For business communities, it often sounds like political rebranding: a reshuffle of responsibilities dressed up as transformation. But at its best, devolution is something far more serious. It is about shifting decision-making away from Westminster and into the hands of local leaders who understand the economic realities on the ground.
The case for devolution is straightforward. Local economies are not identical. What works for London will not necessarily work for Lancashire, and what drives growth in Greater Manchester may be irrelevant in Cornwall. Devolution promises a future where local transport, planning, skills investment and regeneration can be shaped by those closest to the challenge—and closest to the opportunity.
Yet for many councils and business leaders, the real issue is money. In practice, the success or failure of devolution deals often comes down to one key question: who controls the funding? Business Rates sit at the centre of this debate. They are one of the few stable income streams tied directly to local economic activity. If local authorities are expected to drive growth, attract investment, and support town centres, it is only logical that they should retain a meaningful share of the revenue that growth generates.
But devolution must be more than a fight over Business Rates distribution. True devolution means long-term financial certainty, local freedom to innovate, and accountability that matches responsibility.
If government wants devolution to succeed, it must offer more than delegated duties. It must offer genuine local power—and the resources to make it work.
About the Author
Adrian Hawkins OBE was awarded his honour by the Queen in the 2021 New Years Day Honours list for his services to business and skills. A lifetime businessman, Adrian Chairs biz4Biz a business support organisation which he founded 15 years ago to create a business network initially in the Home Counties and which is now reaching further nationally. Adrian is also, Chairman of Hertfordshire Futures (previously the LEP) and the Hertfordshire Futures Skills and Employment Board. Adrian is also Chairman of the Stevenage Development Board alongside biz4Biz. Adrian has 50 years’ experience in the world of business.
ADRIAN HAWKINS OBE
Chairman – biz4Biz
Chairman – Hertfordshire Futures Board
Chairman – Stevenage Development Board
Chairman – Hertfordshire Skills & Employment Board
