We have proposed a stronger role for NATO on Arctic security. Just as NATO has a successful Baltic Sentry and an Eastern Sentry, we are arguing for an Arctic sentry that co-ordinates operations and intelligence for countries right across the Arctic, and also countries like the UK, which are heavily affected by Arctic security, even though we are not part of Arctic security. That is why we are substantially increasing our presence in northern Norway and working with Norway on new, groundbreaking frigates.

I congratulate my hon. Friend on securing so much investment in his constituency. The Office for the Impact Economy will be working with philanthropists and social investors, as well as corporate givers and others, to support programmes led by the Government, such as Pride in Place and other public investments, to deliver a better bang for our buck and the renewal of communities across the country, including in Bletchley. I look forward to working with my hon. Friend to deliver on that promise of change.

Our national youth strategy focuses on rebuilding youth services so that young people have access to people who care, something to do and places to go. A key aspect of our forthcoming youth strategy will be to ensure that funding goes to grassroots organisations such as Bletchley youth centre, and I would be delighted to visit when my diary allows.

I know how important it is for my hon. Friend to champion those towns and villages. He is right to say that the three-year funding settlement for councils will help, including with forward planning. Where we are considering cost pressures—those in adult social care, for example—it will help us to change the way in which services are delivered so that we can support people and ensure that councils across the country, such as Buckinghamshire, have more stable finances in the future.

I am very happy to ask the Rail Minister to meet my hon. Friend to discuss the transformative potential of East West Rail for his constituency, as I have seen from his recent Instagram post explaining some improvements at Bletchley station.

I thank my hon. Friend for his important question. I recognise that, at this time of the year, there is anxiety about flooding, and I thank him and the Flood Action 4 Buckingham group for their work. He will be pleased to know that our flood funding policy reforms, announced in October, will make it quicker and easier to deliver the flood defences that he desperately needs, and I would be happy to meet him to discuss this issue in more detail.

Sterling 20 is a new, investor-led partnership between the UK’s 20 largest pension funds and insurers. We are working closely with the partnership to deliver exactly the kind of investment that my hon. Friend talks about.

I am sure that it will come as no surprise to my hon. Friend that I wholeheartedly welcome the delivery of 183 new council homes in his constituency. I fully agree that the Lakes estate demonstrates the ambition of Milton Keynes city council to build the homes that its communities want and need. I also value such councils’ support in helping the Government to meet our ambitious housebuilding targets, which include targets for the biggest boost to social and affordable housing in this country in a generation.

My hon. Friend is right. This is about not just how much the Government spend, but how well they spend. Mr Speaker, you will remember that under the previous Government, the Public Accounts Committee branded our defence procurement system as “broken”. We are reforming procurement, and that will be part of the statement this afternoon on the defence industrial strategy by my hon. Friend the Member for Plymouth Sutton and Devonport (Luke Pollard). At the heart of this, we made a commitment to the British people at the last election that we would raise defence spending to 2.5% of GDP, and we are doing that three years early.

The Government-backed invest in women taskforce is addressing many of these issues through its ecosystem working group, which promotes better access to networks, support and procurement opportunities. My hon. Friend is absolutely right, though, to say that we need to go further. The small business strategy will set out a range of further measures in that regard.

We heard during our SME consultation that one of the biggest issues facing small and medium-sized businesses that want to scale up relates to access to finance. Indeed, since 2011, the stock of bank lending to SMEs relative to GDP has fallen by around 50%, which graphically demonstrates the significance of my hon. Friend’s point. We have been working closely with Treasury colleagues in particular, and when we launched the industrial strategy, we also launched a funding arrangement for the British Business Bank that will provide £4 billion of capital to our high-growth innovative businesses to ensure that they remain anchored in the UK and are able to scale up here.

We are really excited about targeted support, because it means that firms will be able to make suggestions to consumers with similarities, so that they have the confidence to invest in the long term and can get better support—not advice—on their pensions.

I congratulate, through my hon. Friend, those in his constituency on the fantastic work that he has described. I recently visited an incredible supported internship programme that helps young people with learning disabilities to get work and stay in work, including in our local NHS and with our local hotel voco in the heart of Leicester. This Government are determined to tackle the disability employment gap, which fell under the last Labour Government, although movement stalled under the Tories. We are going to turn this around with the biggest ever investment in employment support, introducing mandatory disability pay gap reporting and looking at what more we can do to support brilliant employers, like the one my hon. Friend described, to recruit and retain more disabled people.

I absolutely agree with the importance of financial education. We are looking at the curriculum and assessment system and making sure that we take the advice of the independent review on these matters. I would be more than happy, given my hon. Friend’s enthusiasm—and parents’ enthusiasm—for this subject, to discuss it further with him.

My hon. Friend raises an important point. Although we celebrate the success of auto-enrolment, as the hon. Member for Mid Bedfordshire (Blake Stephenson) has just done, we must complete the job. We need bigger and better pension funds that are better able to deliver returns for their members, support our economy and invest in infrastructure and private assets in the months and years ahead.

We have secured 60 commitments from key regulators to improve the business environment. The Government are streamlining regulation and removing duplication to deliver a regulatory system that encourages new investment, innovation, and growth.

Our investment through the multi-sport grassroots facilities programme is delivered through the Football Foundation in England, which engages with local Football Association and community stakeholders to identify needs in each area. I encourage clubs such as Bletchley Scot FC to approach the Football Foundation directly to explore potential funding opportunities, and I am very happy to set up a meeting for my hon. Friend.

As my hon. Friend is right to recognise, this issue has been around for some time, and the Government have announced their intention to publish a draft audit reform and corporate governance Bill for scrutiny in this Session. Investors and the public need access to truthful reporting from our most important businesses on their finances and related issues. My Department continues to progress that important work, and a timetable for the publication of the Bill will be confirmed in the usual way for draft legislation in due course.

May I say how grateful I am to my hon. Friend for his support not just for his local club, but for the Football Governance Bill that this Government have introduced? The Bill will ensure financial sustainability in the game, put fans back at the heart of decisions that are made about their own clubs, and ensure that fit and proper owners are in charge of these vital social assets.

The Chancellor was right to go to China. It is an important economic relationship, but there is a security aspect too. The National Security and Investment Act has an important role to play; it is there to safeguard critical areas of the economy. We keep it under regular review, and we will approach the relationship keeping both the security and economic interests of the country in mind.

I am always happy to meet my hon. Friend, who is a near constituency neighbour. We absolutely agree that retail investment is crucial. I want more progress on the advice guidance boundary and targeted support. I will be working closely, in my new role, with the Financial Conduct Authority to take that forward.

We have an expanded Office for Investment, which brings together the Department for Business and Trade, No. 10 and the Treasury. Our Investment Minister is working at pace travelling around the world to bring in investment. I met her and the Office for Investment this week, and we are in constant dialogue about how we can bring more foreign direct investment into the country, building on the £63 billion announced at the investment summit, and how we can kick-start the economy after 14 years of failure.