Productivity and Economic Growth: East Midlands

Edward Argar Excerpts

Tuesday 17th March 2026 Westminster Hall

[Edward Argar (Melton and Syston) (Con)]

It is a pleasure to serve under your chairmanship, Dr Huq. I am grateful to my constituency neighbour the hon. Member for Rushcliffe (James Naish) for securing this important debate, and I look forward to welcoming him to my constituency later this week. I agree with much of what he said, particularly about flooding.

This is one debate in which I can argue from the Back Bench, without fear of contradiction, that the east midlands is the best region in the entire country—[Hon. Members: “Hear, hear!”] This may be the only time I get such consensus on both sides of the House. As the hon. Member set out, we have all the core ingredients. We have a central location; we have good transport links, although they need to be better; we have great universities; we have great skills. Most importantly, we have great businesses and we have great people with ambition.

The potential is clear but, as the hon. Member said, our region all too often appears to lose out. Perhaps that is because we are not demonstrative and we do not always shout about things. When it comes to funding for infrastructure or for our local authorities, the facts are clear. My local authority in Leicestershire has the lowest per-head funding in the country. Previous council leaders and councillors such as Deborah Taylor and Nick Rushton have fought hard to address that. We need fairer funding for our county.

Network North was due to bring more money to Leicestershire. Among other things, that would potentially have helped to fund the completion of the Melton Mowbray distributor road. Sadly, when the Government announced the new funding, that was taken away. One challenge we face is that when the Government direct funding to our area, they all too often favour those areas with mayoral authorities, rather than counties without one, such as Leicestershire.

Melton and Syston has a limited number of big businesses, but a lot of small and rural businesses. They are the bedrock of our local economy, but they face barriers to growing, including issues with public transport, with attracting people to work and with the ability to travel. The impact of national insurance increases and business rates in town centres, particularly for rural businesses and shops, makes it challenging for them to expand as they would wish to. A key challenge, as the hon. Member set out clearly, is in working together not only to deliver on our ambitions, but to break down the barriers to securing the additional investment bid for the A52, the A46 or even local roads and transport. We also need to break down the regulatory and taxation barriers that stop so many fantastic businesses growing and expanding.

There is huge potential in our region, in my county of Leicestershire and in my Melton and Syston constituency. We need those barriers broken down and investment put in to ensure that that potential is unleashed.

[Several hon. Members rose—]