Sxx16 Sep 2019 22:14
MINUTES
Investing in the North: Securing long-term finance for the Northern Powerhouse
Tuesday 5th June, 3pm – 4.30pm in Committee Room 9, House of Commons
Non-Verbatim Minutes
John Stevenson MP and Julie Elliott MP, Co-Chairs of the Northern Powerhouse APPG, welcomed all attendees to the meeting and thanked the Minister for his time.
Robert Jenrick MP, Exchequer Secretary at HM Treasury introduced himself as an embodiment of Manpool, having parents from Manchester and Liverpool respectively. He acknowledged that current problems with Northern Rail is an important investment issue which people were right to raise.
He committed his support to the Northern Powerhouse and other regions and re-iterated the need for the UK to become less London centric stating the Northern Powerhouse was “core to our strategy for country and the economy”. He shared the ambition of the Northern Powerhouse and is a strong advocate of it in the Treasury.
He referenced the original concept of the Northern Powerhouse and progress made so far listing the following:
?Transport – the establishment of Transport for the North and a total of £13 billion to be spent on transport in the North between 2016 and 2021.
?Cultural investment - £80 million given to the former Granada studios, Great Exhibition of the North, the saving of Wentworth and Channel 4 re-location potential.
?Science and technology – more money for R&D, and the Make Smarter pilot in the North West
?Increased economic potential - the British Business Bank’s Northern Powerhouse Investment Fund, a commitment to get behind Northern businesses such as Sirius Minerals.
?Greater Devolution – the North has had three Mayors for a year now and he welcomed Dan Jarvis’ election a Sheffield City Mayor. He re-stated that the Government and HMT are enthusiastic and want to see more deals done and are talking to a number of local councils and areas about the best way of taking forward devo proposals.
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