David Mowat
Main Page: David Mowat (Conservative - Warrington South)(13 years, 1 month ago)
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Simon Danczuk
I would not disagree, but my point is that the regional growth fund is not working effectively, although it might look attractive. We may have a limited amount of money, but it needs to be spent well, wisely and effectively. The measure of the regional growth fund, particularly given the amount being made available, was whether it would create private sector jobs to replace the jobs lost in the public sector. All the indications are that that is not occurring; indeed, we know that for a fact because unemployment—particularly youth unemployment—is going up. As a mechanism and policy, therefore, the regional growth fund is failing.
Simon Danczuk
I am going to conclude.
In conclusion, awards are being made too slowly, there is too much bureaucracy, there is a lack of transparency and the amount available is inadequate.
Eric Ollerenshaw
I am talking about a national average of 100 from 1995 to 2008. The hon. Gentleman’s area declined even further.
David Mowat
The point my hon. Friend is making extremely powerfully is that, in the last year of the previous Government, the north-south divide reached a peak for the previous three decades. That is extraordinary; it was brought about by the boom in the south-east and London, and it is a fact.
Eric Ollerenshaw
Let me move on.
I congratulate the Government on being among those who recognised that something needs to be done. Yes, the regional growth fund is not the biggest thing, and we want more to be done.