Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Andrew Turner Excerpts
Tuesday 29th November 2016

(7 years, 5 months ago)

Commons Chamber
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The Chancellor of the Exchequer was asked—
Andrew Turner Portrait Mr Andrew Turner (Isle of Wight) (Con)
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1. What steps he is taking to encourage economic growth in coastal areas.

Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
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The Government are committed to helping coastal communities unlock barriers to economic growth. For example, we have invested more than £125 million in more than 200 projects across the United Kingdom through the coastal communities fund. That investment is forecast to deliver more than 18,000 jobs and help to attract more than £240 million of additional funds to coastal areas. Last week, in the autumn statement, I announced the allocation of £1.8 billion from the local growth fund to all regions in England.

Andrew Turner Portrait Mr Turner
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Coastal areas face specific challenges because they do not have 360° access to trade with neighbouring areas, and the Isle of Wight faces additional challenges because we have no physical link with the mainland. Does my right hon. Friend regard the Isle of Wight as a special case that deserves extra support from the Government?

Lord Hammond of Runnymede Portrait Mr Hammond
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I know that every single one of my right hon. and hon. Friends will regard his or her own constituency as a special case, but I can tell my hon. Friend that the Government recognise the specific barriers to economic growth experienced by coastal areas such as the Isle of Wight. That is why we are extending the coastal communities fund by at least a further £90 million across the United Kingdom over the current Parliament. In addition, as my hon. Friend will know, through the Solent growth deal the Isle of Wight has benefited from nearly £15 million of investment to expand the skills base, support business growth and improve transport links.