Regional Growth Debate

Full Debate: Read Full Debate
Department: HM Treasury
Wednesday 4th June 2025

(3 days, 9 hours ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Darren Jones Portrait Darren Jones
- View Speech - Hansard - - - Excerpts

I thank my hon. Friend for welcoming the £2 billion of investment announced today for the east midlands. I have been on a number of visits to her region, including with Labour’s brilliant Mayor Claire Ward, who has made a very strong case for the investment being announced today. It shows the difference a Labour mayor can make. I also pay tribute to my hon. Friend and her colleagues from her regional group, who have campaigned as vociferously here as Claire Ward does from her mayoral office in the east midlands?

Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
- View Speech - Hansard - -

I thank the Minister for his answers. Regional growth is an imperative for the whole of the United Kingdom of Great Britain and Northern Ireland, and I am pleased that he is expanding the horizons for areas considered for further funding. I am also pleased to announce in the Chamber today news of a previous scheme initiated by the Conservatives and delivered within the time of this Government for the Ards and North Down local council: the Queen’s Parade development. It was one of the regional schemes that were delivered, and £9.8 million was set aside by Westminster for that project. It was signed and sealed, and the project is going ahead. It is estimated that some £70 million of regeneration will come off the back of it, so whenever the Government spend money here, they can be assured that the benefits are significant. The Minister has also hinted at the possibility of other moneys coming through. What commitment can he give to ensuring that coastal communities across all of the United Kingdom of Great Britain and Northern Ireland can apply to similar schemes to improve the beauty and tourist attractions of all our coastal towns and centres?

Darren Jones Portrait Darren Jones
- View Speech - Hansard - - - Excerpts

I thank the hon. Member for continuing his work campaigning for Strangford and for Northern Ireland in general. As he knows, details of funding for the Northern Ireland Executive will be announced at the spending review next week, building on the back of significant increased investment. He is right to say that investment in transport projects opens up opportunities for new housing, new jobs and new livelihoods. I recognise that the Northern Irish economy is one of the best performing parts of the United Kingdom, and we want to continue to support that in the future.