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.