# West Yorkshire Combined Authority

West Yorkshire Combined Authority is a Sovereign Wealth Fund based in Leeds, United Kingdom.

## Overview

- **Organization type:** Sovereign Wealth Fund
- **Headquarters:** Leeds, United Kingdom
- **Region:** Europe
- **Address:** Wellington House, 40-50 Wellington Street, Leeds, West Yorkshire, LS1 2DE, United Kingdom
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** westyorks-ca.gov.uk
- **LinkedIn:** https://www.linkedin.com/company/westyorkshirecombinedauthority

## Regulatory record

- **Reports private funds:** No

## About

West Yorkshire Combined Authority is a regional authority serving West Yorkshire. It develops and delivers policies, programs, and services for the local population. The authority has made three investments, including a grant to Kirklees Council on March 28, 2023.

## Sectors

- Infrastructure
- Real Estate
- Energy Transition & Renewables
- Mobility & Transportation

## People

- Tracy Brabin — Mayor of West Yorkshire
- Ben Still — Chief Executive
- Alan Reiss — Director of Strategy, Communications and Policing

## Questions

### Who makes the investment and allocation decisions at West Yorkshire Combined Authority?

The Mayor, Tracy Brabin, sets the strategic investment direction in consultation with the Combined Authority board, which comprises the leaders of Bradford, Calderdale, Kirklees, Leeds, and Wakefield councils. Day-to-day programme delivery is led by Chief Executive Ben Still and the authority's directorates. Major capital programmes, such as Mass Transit, require full board approval and must align with funding conditions set by central government.

### Is West Yorkshire Combined Authority a sovereign wealth fund?

No. It is a devolved English combined authority established under UK statute. It receives multi-year capital settlements from Westminster rather than managing a perpetual investment portfolio. Its balance sheet is funded through grants, retained business rates, and specific infrastructure allocations — it does not own extractive or state-owned enterprise revenues.

### What is the scale of the West Yorkshire Mass Transit programme?

The programme is budgeted at approximately £1.8 billion and will deliver a modern tram-style network connecting Leeds, Bradford, and surrounding employment centres. The project is in delivery planning phase, with route consultation and depot site selection ongoing. It is the single largest capital undertaking in the authority's portfolio.

### Does the authority invest outside of West Yorkshire?

No. By statute, the combined authority's investment mandate is geographically confined to the West Yorkshire region — Bradford, Calderdale, Kirklees, Leeds, and Wakefield. It occasionally co-invests in cross-boundary transport links with neighbouring authorities such as South Yorkshire and Greater Manchester, but only where there is a direct benefit to West Yorkshire residents.

### How does the authority's adult education budget work as an investment tool?

Since devolution in 2021, West Yorkshire controls over £65 million annually in Adult Education Budget funding. The authority commissions skills providers directly, aligning training programmes with sectors identified in its Local Industrial Strategy — including digital, advanced manufacturing, and health technology. This functions as a workforce-development investment rather than a grant programme.

### What is West Yorkshire Combined Authority's relationship with private developers?

The authority acts as an enabling co-investor. It uses public sector grants to de-risk brownfield sites and deliver transport connectivity, creating conditions that attract private residential and commercial developers. It occasionally forms delivery partnerships for large regeneration sites, such as the Leeds South Bank, but private partners are selected through public procurement frameworks.

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Last updated: 2026-06-03T20:00:00.000Z

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