Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

James Morris Excerpts
Tuesday 12th October 2010

(13 years, 7 months ago)

Commons Chamber
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Danny Alexander Portrait Danny Alexander
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I fear that the hon. Gentleman will have to wait until a week tomorrow for the spending review announcement to hear details of that sort, but I can tell him that the purpose of the regional growth fund is precisely to ensure that areas hit hardest by public spending cuts or areas most dependent on the public sector have an opportunity to put forward proposals for measures that would support their economic growth. The regional growth fund has been established to meet those proposals.

James Morris Portrait James Morris (Halesowen and Rowley Regis) (Con)
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This builds on what the Chief Secretary has just said. Does he agree that what we need with the regional growth fund is a much more focused regional policy, rather than the waste that came from the previous Government and their one-size-fits-all regional policy?

Danny Alexander Portrait Danny Alexander
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I would agree with that, although I am not going to go over the litany of spending by regional development agencies. Having a regional growth fund that is able to respond to bids from communities, along with a much more devolved set of arrangements, through local enterprise partnerships, which require local authorities and local businesses to work together on what is best for their areas, is a much more dynamic approach, and it is likely better to meet the needs of those areas.