Jarrow Crusade (75th Anniversary)

Lord Wilson of Sedgefield Excerpts

Monday 31st October 2011 Commons Chamber

[Chris Grayling]

I hope that today’s announcements of public funding to provide grant support to manufacturing, research and development, and infrastructure investment not only in the north-east, but in other parts of the country, will play their part in achieving the goal that we all share of growth in the private sector and unemployment coming down in the north-east.

[Phil Wilson (Sedgefield) (Lab)]

I commend my hon. Friend the Member for Jarrow (Mr Hepburn) for securing this debate. Is it not true that the regional growth fund is only a third of what it used to be under the regional development agencies?

[Chris Grayling]

I am not sure what the hon. Gentleman means by it being a third of what it used to be, because this is a new initiative. We are targeting money specifically at investment in manufacturing and research and development. I must say that some of the examples from the regional development agencies were pretty poor. I have seen examples from the north-west of misjudged investments and strategies. I believe that targeting grant support specifically on projects that will create jobs in the short term in the north-east and elsewhere is the right thing to do.