Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, with reference to his Department's policy paper entitled, Hull and East Yorkshire devolution deal, published on 22 November 2023, whether the £13.34 million per year allocation of investment funding is index linked.

Local leaders have agreed the Hull and East Yorkshire Devolution Deal, which includes an Investment Fund of £400 million over the next 30 years, equivalent to £13.34 million per annum. It will be transformative for the people of Hull and East Yorkshire. The fund is not index linked, which is standard practice across most such departmental funds. I pay tribute to Cllr Mike Ross and Cllr Anne Handley for showing the determination and leadership Hull and East Yorkshire needs.