Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Andrew Turner Excerpts
Tuesday 18th April 2017

(7 years, 7 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Philip Hammond
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The hon. Lady will know that my right hon. Friend the Secretary of State for Education is considering responses to the consultation on the school funding formula. At the Budget, we announced a substantial increase in funding for 16-to-19 technical education, which will make an important contribution to improving the UK’s productivity.

Andrew Turner Portrait Mr Andrew Turner (Isle of Wight) (Con)
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T6. Although the south-east is the financial powerhouse of the UK, it does none the less have some less prosperous areas such as the Isle of Wight. What steps is my right hon. Friend taking to ensure that the benefits of economic growth reach all corners and all islands of the United Kingdom?

Lord Hammond of Runnymede Portrait Mr Hammond
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I know that my hon. Friend regards the islands as particularly important, and I concur with him on that. The Government support continuing economic growth across the south-east, including all regions and islands. The Solent local enterprise partnership receives more than £180 million from the local growth fund, including funding for investment in local skills and business start-ups, with the Isle of Wight receiving about £15 million of investment in local infrastructure and skills.