(7 years, 6 months ago)
Commons ChamberYes. I was very pleased to be able to conclude an agreement with the US Government before Christmas on the US Marine Corps using the carrier to land its aircraft on. There are many more opportunities for deeper collaboration on that programme, and on the development of maritime patrol aircraft, where we are both using the same type of aircraft, as there are in the research and innovation areas that the Under-Secretary of State for Defence, my hon. Friend the Member for West Worcestershire (Harriett Baldwin), is leading on.
This is a pressing problem right across the automotive industry and other engineering industries, and it has to be attacked on a number of fronts, including through more investment by the Department for Education to encourage more children to take up science, maths and technology, and through industry itself getting more involved in the employer ownership pilots and opening up its premises so that people can see the kinds of rewarding career that are now available in manufacturing and engineering.
I am sure the Secretary of State will have noted that, while unemployment fell by 5,000 this week across the UK, it rose in the north-east of England by 4,000 to 131,000. That means that 10.1% of our working population, and 24.9% of our young people, are now unemployed. Will he meet me and other colleagues to discuss how we can alleviate that individual suffering and unleash the potential of the north-east economy?
(11 years, 11 months ago)
Commons Chamber9. When he expects all bidders from the first round of the regional growth fund to receive the funds allocated to them.
The regional growth fund is a three-year fund and we expect all the £2.4 billion allocated to be fully spent in that time. In round 1, 44 of the 67 contracts awarded have been finalised, totalling some £340 million, of which £220 million has already been drawn down. Of the other 23, 11 have been withdrawn and the remaining 12 are being processed.
I welcome the Minister of State to his new role. Having formerly been the MP for Darlington, at least he knows where the north-east is.
The regional growth fund has been mired in delay, chaos and confusion and, for some companies, no little uncertainty. How can we be certain, despite yet more reassurances, that winning bidders will receive their long-awaited awards?
My predecessor, the hon. Member for Hertford and Stortford (Mr Prisk), can be proud that rounds 1 and 2 of the fund now involve some 149 projects and programmes, delivering about 330,000 new jobs and drawing in nearly £5 billion of private investment. The bid for Gateshead college in the hon. Gentleman’s constituency was successful in round 2. A final offer letter was sent to the college at the end of July, and the money is there waiting for the college to take it up.