High Speed 2 (East Midlands)

Part of Oral Answers to Questions — Transport – in the House of Commons at 9:30 am on 12 September 2013.

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Photo of Simon Burns Simon Burns The Minister of State, Department for Transport 9:30, 12 September 2013

Yesterday, HS2 Ltd published a report by KPMG evaluating the potential impact of HS2 on productivity and business location. The report estimates that HS2 could generate productivity benefits to the Derby-Nottingham city region, which includes Chesterfield, of between £1.1 billion and £2.2 billion per year—equivalent to between a 2.2% and 4.3% increase in total local economic output within five years of opening.