North Midlands leaders have urged ministers to sign up to a devolution deal as they publish their final negotiating position.
After a request from government, the draft Derbyshire and Nottinghamshire deal has been rebranded as the North Midlands.
It was sent to chancellor George Osborne and communities secretary Greg Clark just before Christmas, and was today made public by the region.
Talks have faced a rocky few weeks after amendments to the Cities and Local Government Devolution Bill threatened to derail a deal.
The amendments paved the way for the likes of Bassetlaw and Bolsover DCs to consider joining other combined authorities without the permission of their respective counties.
Under the draft deal, 55,000 new private sector jobs would be created, 77,000 homes built and train journey times would be reduced to less than 90 minutes.
Derbyshire CC leader, Cllr Anne Western, said: ‘We can’t stress enough the size of the prize on offer for Derbyshire and Nottinghamshire and the benefits devolution would bring for local people so we’ve taken the decision to publish the draft agreement so people can get a better understanding of what it will mean for the area.
‘Both sides are clearly committed to an agreement and there’s no reason to delay any further.’
Nottinghamshire CC leader, Cllr Alan Rhodes, added: ‘We have excellent proposals on the table - the majority of which have already been agreed - which offer a once-in-a-generation opportunity to secure the jobs, growth, new homes and better quality of life we all crave for our communities.
‘The benefits to the local economy and local people are clear – we just await the green light from the chancellor.’
