(1 year, 1 month ago)
Commons ChamberWe have had many discussions with the Canal & River Trust over the past three years on the review of its funding, and we are providing it with more than £400 million of additional funding between 2027 and 2037. When the trust was created in 2012, the Department for Environment, Food and Rural Affairs and the trust signed a memorandum of understanding agreeing that the trust would have to move increasingly towards alternative sources of funding.
In Ellesmere Port, we are proud that the Canal & River Trust has made its headquarters there, but we are concerned about the implications of the funding decisions, which amount to a £300 million cut in real terms over the next decade. Clearly that will cause the trust real problems, so I urge the Minister to think again about these decisions and to engage with the trust about how that gap can be bridged.
We all recognise the important work and benefits that the Canal & River Trust brings, but the £300 million cut in funding asserted by the trust is not correct, because that includes adjustments for inflation. Government funding does not provide for that. We should also remember that an investment portfolio of over £1 billion was transferred to the trust, and it gets the benefits of the investments and the funding that accrues from them.
(1 year, 8 months ago)
Commons ChamberI will definitely withdraw that, Mr Speaker, but we do have to be careful about what we say to the public, and I have pointed out that the so-called plan the Labour party has put forward is thoroughly unworkable in the cost it would put on the public, the time it would take and the amount of pipes that would be required. It would involve digging up the entire nation, whereas we have a completely costed plan: it is very clear, and we have set targets on when these storm overflow monitors have to be in place—by the end of this year—and all the work on the storm overflow plans must be delivered to the Secretary of State and me forthwith. So we are definitely on top of this like never before.