Oral Answers to Questions Debate

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Department: Cabinet Office

Oral Answers to Questions

Laura Sandys Excerpts
Tuesday 9th July 2013

(11 years, 3 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. Members need to be much briefer if we are to get through the questions.

Laura Sandys Portrait Laura Sandys (South Thanet) (Con)
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T2. Will the Deputy Prime Minister update the House on the development of single pot funds and on what that will mean for east Kent in respect of the access to devolved money?

Nick Clegg Portrait The Deputy Prime Minister
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The Chancellor announced recently that we will start with a so-called single pot, as proposed by Lord Heseltine, of just over £2 billion. That is just the start of the process. Local enterprise partnerships across the country will be able to bid for at least half of that money and the rest will be distributed on a formula basis.