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Fareham Borough Council will consider a draft devolution deal that, if agreed, would confirm the Council as one of eight in a new Combined Authority covering South Hampshire and the Isle of Wight.
The new authority would have more influence over decisions that would be made locally which directly affect local residents with regard to transport, skills training, adult education and major infrastructure funding.
An elected leader/mayor would chair the new Combined Authority working with a Cabinet made up from Leaders of all the councils together with the Chairman of the Solent Local Enterprise Partnership.
Executive Leader Cllr Seán Woodward said: "I am very pleased that the Government has agreed the wording of a draft devolution deal for South Hampshire and the Isle of Wight. This position however is probably best described as the end of the beginning of the process. The work over the last three weeks has arrived at a draft agreement; however it is now critical that the agreement is refined into a state that we can consult the public, gain the support of our partners and ultimately the agreement of all of the councils concerned. If there is no such agreement and support then the deal will not proceed.
"As well as providing critical extra funds worth many millions of pounds for infrastructure to support both existing and new homes and jobs it is important that we also have the power to be able to designate green belt to protect our countryside strategic gaps from development."
Before any new combined authority could be put in place there would need to be support both from the councils and from the public. To that end there will be a full public consultation and each council will have the opportunity to debate and vote on its membership.
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