Borderlands

Debate between Lord Bourne of Aberystwyth and Lord Inglewood

Thursday 25th January 2018 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, the noble Lord is right to draw attention to our many successful regional deals involving metro mayors, many of whom are operating very effectively across political parties, and to say that those are working well. The Government, as always, are focused on the future rather than the past. We are developing a very successful policy and I am glad that it has the noble Lord’s backing.

[Lord Inglewood (Con)]

My Lords, I declare an interest as a Cumbrian. Can my noble friend confirm that the money being talked about is new and not simply money that the local authorities in the area have anyway, and it is a question of robbing Peter to pay Paul?

[Lord Bourne of Aberystwyth]

My Lords, we do not know what the new money will be; it depends on the proposals made to the Chancellor, but in all likelihood there will be new money, just as there has been in other growth deals. Not all the money is from the public sector by any means; much of it will be driven by very successful businesses in the private sector.