Economic Situation: North of England

Department for Communities and Local Government written question – answered on 16th October 2017.

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Photo of The Bishop of Leeds The Bishop of Leeds Bishop

To ask Her Majesty's Government, in the light of the report by the Institute for Public Policy Research, Time for Change: A New Vision for the British Economy, what assessment they have made of the potential for the Northern Powerhouse to restructure the national economy.

Photo of Lord Bourne of Aberystwyth Lord Bourne of Aberystwyth Parliamentary Under-Secretary (Northern Ireland Office), The Parliamentary Under-Secretary of State for Communities and Local Government

The potential of the Northern Powerhouse is huge. It is a region home to half of the UK’s largest cities, 1 million businesses, over 15 million people, and has a bigger economy than Norway, Sweden, Austria or Belgium.

Delivering on our vision for the Northern Powerhouse - defined by a vibrant and growing economy, a flourishing private sector and a highly skilled population able to make the most of the great opportunities the North has to offer - will benefit the whole of the UK.

That is why we announced £400 million for northern transport projects on 2 October 2017, building on the record investment we are already making to improve transport connections across the North - more than any Government in history. That is also why we launched the £400 million Northern Powerhouse Investment Fund earlier this year, supporting small and medium businesses across the North to start-up, grow, and expand their operations globally.

The Northern Powerhouse is a top priority for this Government and central to our plans to build an economy that works for everyone.

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