Regional Equality of Economic Opportunity 2020-11-12
2020-11-12
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The MP is concerned about ensuring that all regions benefit from economic growth and opportunities.
What progress the Government have made on ensuring regional equality of economic opportunity?
The Government are doubling down on levelling up opportunity across the United Kingdom, including longer-term measures such as £1 billion for local projects to boost local economic growth. There is also unprecedented support for businesses, workers and local authorities in every nation and region of the United Kingdom in the light of covid-19.
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Assessment & feedback
Specific progress details on regional equality measures
Response accuracy
Q2
Partial Answer
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Context
Cornwall has received funding through the European Regional Development Fund (ERDF) and will continue to receive support from the UK Shared Prosperity Fund. The MP is asking when details of this replacement fund will be provided.
Can the Minister update the House on when we can expect the Government to come forward with details of the shared prosperity fund?
The arrangements for the UK Shared Prosperity Fund will be confirmed following the upcoming spending review. The Government are committed to introducing a fund that matches at a minimum the current levels of funding from EU structural funds.
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Assessment & feedback
Specific timeline for providing details about the shared prosperity fund
Response accuracy
Q3
Partial Answer
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Context
The MP is suggesting the creation of a new financial institution, such as a British development bank, within the national infrastructure strategy to boost investment.
Does my right hon. Friend agree that, as part of the national infrastructure strategy, we should launch a new financial institution such as a British development bank?
The Government are committed to ensuring that businesses and infrastructure projects continue to have access to the finance they need. The UK has existing tools like the UK guarantees scheme, and further measures will be brought forward as part of the national infrastructure strategy.
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Assessment & feedback
Specific commitment to launching a new financial institution
Response accuracy
Q4
Partial Answer
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Context
The MP is seeking assurance that the Government remain committed to the levelling-up agenda in constituencies like his, with better infrastructure and affordable housing.
Can she assure me that this Government remain committed to levelling up constituencies like Bolsover?
The Government are as committed to levelling up opportunity across the UK today as we were last December. I was delighted to visit him in Bolsover during the summer.
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Assessment & feedback
Specific commitment beyond general reassurance
Response accuracy