Oral Answers to Questions

Justin Madders Excerpts

Thursday 19th October 2023 Commons Chamber

The Secretary of State was asked—

[Justin Madders (Ellesmere Port and Neston) (Lab)]

1. What recent discussions she has had with the Canal & River Trust on its funding.

[The Parliamentary Under-Secretary of State for Environment, Food and Rural Affairs (Rebecca Pow)]

We have had many discussions with the Canal & River Trust over the past three years on the review of its funding, and we are providing it with more than £400 million of additional funding between 2027 and 2037. When the trust was created in 2012, the Department for Environment, Food and Rural Affairs and the trust signed a memorandum of understanding agreeing that the trust would have to move increasingly towards alternative sources of funding.

[Justin Madders]

In Ellesmere Port, we are proud that the Canal & River Trust has made its headquarters there, but we are concerned about the implications of the funding decisions, which amount to a £300 million cut in real terms over the next decade. Clearly that will cause the trust real problems, so I urge the Minister to think again about these decisions and to engage with the trust about how that gap can be bridged.

[Rebecca Pow]

We all recognise the important work and benefits that the Canal & River Trust brings, but the £300 million cut in funding asserted by the trust is not correct, because that includes adjustments for inflation. Government funding does not provide for that. We should also remember that an investment portfolio of over £1 billion was transferred to the trust, and it gets the benefits of the investments and the funding that accrues from them.