Stronger Towns Fund

Lord Scriven Excerpts

Tuesday 5th March 2019 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, I thank my noble friend for once again emphasising that this is new, additional money. Perhaps I might again correct a feeling that this is something to do with the shared prosperity fund—that was certainly the feeling in the other place. It is quite separate from that; this is new money.

My noble friend referenced the £600 million, which will apply across the whole country, including London, which receives no money from the first allocation of £1 billion—London would be eligible within the £600 million. She referred to the £322 million for the Midlands engine, comprising £110 million for the east Midlands and £212 million for the West Midlands. As I indicated, there will be civic engagement and leading parts for mayoral combined authorities, where appropriate, and the LEPs in looking at this. It will be covered in the detailed prospectus which will follow shortly and be issued by the Secretary of State.

[Lord Scriven (LD)]

My Lords, I draw the House’s attention to my interests as declared in the register, particularly as a member of Sheffield City Council. The Conference for Peripheral Maritime Regions in its report of January 2019 showed that through the European Regional Development Fund and Social Fund more than £11 billion would have come in from European funding between 2021 and 2027. This is a tenth of that £11 billion. Where will the other 90% come from so that no region or no country is left behind?

[Lord Bourne of Aberystwyth]

My Lords, I thank the noble Lord and, knowing his role in Sheffield, thank him for his support in encouraging Sheffield to get on with its deal, which is important. I come back to the fundamental point that this is not related to substituting European money; it is something that over generations and successive Governments has needed to be done to assist areas of deprivation. It is not about substituting the shared prosperity fund or European funding—that is quite separate. I note what the noble Lord says, but this is additional government funding.