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The three local authorities hope this will bring them an extra £30m a year, for 30 years.
The Southern Powerhouse is the name given to the 15 local authorities working towards devolution for Hampshire and the Isle of Wight.
As time has moved on, it appears that a North / South split might occur within the Southern Powerhouse, with the Southern one most-likely being labelled the Solent Devolution.
Below are articles in which the Southern Powerhouse is mentioned.