Emma Lewell-Buck
Main Page: Emma Lewell-Buck (Labour - South Shields)I understand the vital importance of the west midlands and the financial sector in boosting growth in that area as a fellow west midlands MP. My hon. Friend will know that very recently, in my former role, I went there to open the midlands financial centre of excellence, which will further help to develop jobs in that area. The west midlands combined authority that he asks about is now formally constituted; that happened last month. It looks set to have its first set of elections in May next year.
Over the next five years alone, the north-east was due to receive £726 million in EU funding, but the north-east devolution deal promises only £30 million a year for 30 years. Despite what the Secretary of State said just now, many devolution deals were already in a state of collapse before the EU referendum. With such high levels of uncertainty because of Brexit, is it not time he revisited all the devolution deals?
There is no need to reconsider any of the deals. These are good deals that have been reached by local leaders and central Government, and they will all, in turn, help to boost local growth. The hon. Lady mentions EU grants. As my hon. Friend the Minister for Housing and Planning has mentioned, it is important that we bring certainty, and that is what we will be working to do.