Economic Outlook Lincolnshire and Cleethorpes 2023-03-21
2023-03-21
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Response quality
Questions & Answers
Q1
Partial Answer
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Context
The MP is inquiring about the economic performance of his constituents' areas, specifically highlighting productivity growth and opportunities for development in rural and urban settings.
What assessment he has made of the economic outlook for (a) Greater Lincolnshire and (b) Cleethorpes constituency. The county of Lincolnshire has great opportunities for economic development in both rural and urban areas. In particular, the Cleethorpes constituency is a major centre for the renewable energy sector and contains a major port at Immingham.
The Government are committed to creating an environment in which economic growth benefits all. The latest data indicates that productivity in Greater Lincolnshire grew by 8.4% from 2010 to 2020, compared with UK productivity growth of 7.9% over the same period. Coastal communities such as Cleethorpes play a vital role in the economy. I am pleased that, following the announcements on the second levelling-up fund, more than £18 million has been granted for the Cleethorpes masterplan. The full business case for the Humber freeport has now been conditionally approved by the Treasury, with full approval subject to the customs site being designated and the freeport signing a memorandum of understanding with the Department for Levelling Up, Housing and Communities.
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Assessment & feedback
The exact timeline for final Treasury sign-off was not provided despite it being requested.
Treasury Processes Can Sometimes Appear Tortuous
Response accuracy
Q2
Partial Answer
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Context
The MP is concerned about the economic potential of his constituents' area, particularly focusing on the renewable energy sector and the need for Freeport status.
Freeport status has been granted for the Humber freeport, but I understand that we are awaiting final Treasury sign-off. Can the Minister give us an indication of when that will happen?
The full business case for the Humber freeport has now been conditionally approved by the Treasury, with full approval subject to the customs site being designated and the freeport signing a memorandum of understanding with the Department for Levelling Up, Housing and Communities. The Humber freeport is already open for business, supporting the regeneration of the region by creating jobs and attracting new business investment.
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Assessment & feedback
The exact timeline for final Treasury sign-off was not provided despite it being requested.
Treasury Processes Can Sometimes Appear Tortuous
Response accuracy