Oral Answers to Questions

Gareth Davies Excerpts

Wednesday 18th November 2020 Commons Chamber

[The Prime Minister]

That is exactly what we announced only a few weeks ago with the lifetime skills guarantee. The purpose of the lifetime skills guarantee is this: if you are over 23, you are not currently eligible for support from the Government in getting a new skill or a new qualification, but we will now pay you for that skill—we will support you. Particularly in the context of this pandemic, we want to help to train and retrain people throughout their lives so that they can adjust to our changing economy. The hon. Lady makes a very good point.

[Gareth Davies (Grantham and Stamford) (Con)]

In order to truly level up constituencies like mine in Lincolnshire, we will need to mobilise billions of private capital to help us to pay for new infrastructure investment. Will the Prime Minister consider launching a new financial institution such as a national development bank to help to achieve this?

[The Prime Minister]

I am grateful to my hon. Friend for what he is doing to campaign for Grantham and Stamford and for Lincolnshire. I can tell him that we are putting another £125 million into Greater Lincolnshire through the growth deals and another £25 million through the Getting Building fund. We will be bringing forward further measures—I take his point on board very sincerely—to boost investment in UK infrastructure in due course.