(4 years, 9 months ago)
Lords ChamberThe details on that are not yet fully worked out but the noble Earl will be aware of the shared prosperity fund which is looking to address a number of areas of previous EU funding.
My Lords, Brierfield Mill, a large grade 2 listed building in east Lancashire, now known as Northlight, is being redeveloped as a joint venture between Pendle Borough Council—I declare my interest—and a local development company, with a £32 million project of investment in leisure, arts, apartments, work spaces and canal-side moorings, with much more to come. Will the Minister take back the lessons from Brierfield Mill that the way to carry out successful projects of this kind is for them to be promoted and carried out by the local authority, working together with local businesses and local people, and for the Government to provide the necessary funding for it to happen, but then to strictly avoid the time-wasting and energy-sapping temptation to micromanage the project from Whitehall or even from the LEP?
The Government are keen on devolving power to the regions and this type of partnership and community engagement is exactly what we are aspiring to.