Treasury written question – answered at on 26 January 2021.
What estimate he has made of the level of infrastructure investment required to support the potential contribution of the (a) North and (b) Midlands to post covid-19 economic recovery.
In November, the government published the first ever National Infrastructure Strategy, setting out our comprehensive plan to transform infrastructure across the UK. The NIS announced a number of measures which will support the North and Midlands in their economic recovery from COVID 19, including: a new £4bn Levelling Up Fund to invest in local infrastructure priorities; £5bn to support UK-wide gigabit broadband roll-out; and a share of £4.2bn for intra-city transport settlements.
The NIS also announced that the government will set up a new UK infrastructure bank, which will be headquartered in the North and will support the UK’s economic recovery from the COVID 19 pandemic.
Yes1 person thinks so
No0 people think not
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