Draft Dormant Assets (Distribution of Money) (England) Order 2023 Debate

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Department: Department for Business and Trade
Wednesday 15th November 2023

(6 months ago)

General Committees
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Jack Brereton Portrait Jack Brereton (Stoke-on-Trent South) (Con)
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I promise not to detain the Committee too long, but I want to make a couple of points. I would first like to thank the Minister for all the work he has done. He has engaged very thoroughly with Members—I am vice-chair of the all-party parliamentary group for “left behind” neighbourhoods, and he has engaged very much with members of the APPG on development of a community wealth fund.

I also thank the Local Trust and the Community Wealth Fund Alliance for the work they have done to develop proposals around a community wealth fund, which is extremely important for communities identified as left behind. A number of those are in my constituency and others up and down the country. I also want to mention the point on targeting mentioned by the Opposition spokesperson, the hon. Member for Nottingham South. While we obviously need to focus on smaller towns, it is important that we do not exclude the most deprived 10% of communities in the entire country. We need to make sure that they are included as well and that the definition is not too narrow. I hope the Minister will reflect on that and will ensure that, in developing the proposal and the scheme for the community wealth fund, communities like Blurton, Meir and Newstead in my constituency will continue to be eligible for the community wealth fund.

Ranil Jayawardena Portrait Mr Ranil Jayawardena (North East Hampshire) (Con)
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Does my hon. Friend agree that even in affluent communities there are pockets of deprivation that need support across this country? Some of the worst affected places that are lacking in means are in those affluent communities.

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Jack Brereton Portrait Jack Brereton
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My right hon. Friend makes a very important point. The original definition set out a population size of around 10,000 in order to identify those wards with the highest levels of deprivation. The deprivation in some wards in the most affluent parts of the country is such that they need this funding and that support. It is really important to focus more on areas with the highest deprivation.

Yes, we need to support smaller towns, including Longton and Fenton in my constituency, but we also need to make sure that the smaller, most deprived communities—the top 10% identified as the most left-behind wards in the entire country—do not miss out on this funding. I hope that the Minister will reflect on that, and I am sure he will agree that it is important that we focus this funding into those areas where it is going to have the greatest impact and where it is needed most.