Growth Deals

Kerry McCarthy Excerpts

Thursday 29th January 2015 Commons Chamber

[Greg Clark]

I welcome my right hon. Friend’s endorsement. The investment in the north-east has been striking, and it is making a big impact. We have been talking about the local growth fund, but there is also the regional growth fund, of which the north-east has been a big beneficiary to the tune of more than £300 million. That is the right way to go—to take money from Departments in Whitehall and to put it into the hands of local leaders and business leaders in the community, because they know where to get the best bang for their buck.

[Kerry McCarthy (Bristol East) (Lab)]

I understand that the Deputy Prime Minister is in Bristol West this morning to announce the new money that Bristol will be getting. I am sure the visit has nothing to do with the fact that the election prospects of the local Liberal Democrat MP are looking rather precarious. I welcome the new money for Bristol, but urge the Minister to consider one proposal that has not yet received funding, which is a centre of excellence for the food and drinks industry. It is an exciting proposal and Bristol would be the perfect city to host it.

[Greg Clark]

I will certainly look at that proposal, but the great advantage of these growth deals is that it is not me, but local leaders who make the decision to put such projects forward. I hope the hon. Lady will take up that matter with the West of England local enterprise partnership. The Deputy Prime Minister may be in Bristol today, but representatives from Bristol came to 10 Downing street on Tuesday, and I was pleased to have the chair of the LEP and the mayor of Bristol, George Ferguson, pitching to international investors some of the fantastic projects that are available in Bristol. The projects went down a storm, and the meeting was a huge hit, so, quite apart from the investment that comes from these local growth deals, the interest in international investment in Bristol is now rising very strongly.