Laura Sandys
Main Page: Laura Sandys (Conservative - South Thanet)Department Debates - View all Laura Sandys's debates with the Cabinet Office
(11 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Speaker
Order. Members need to be much briefer if we are to get through the questions.
Laura Sandys (South Thanet) (Con)
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?
The Deputy Prime Minister
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.