Planning and Infrastructure Bill

Debate between Nesil Caliskan and Chris Curtis

2nd reading
Monday 24th March 2025 Commons Chamber

[Chris Curtis]

I note the length of time that that reservoir has taken to be built. It would be nice if someone on the Conservative Benches started by acknowledging their Government’s lack of ability to build the infrastructure that this country so desperately needed for decades. The barriers that they constantly put in the way of building it are one reason why we are in this situation.

Our national security is only ever as strong as our economic security. Sure, we should be investing in defence, but we can do so only if we have a strong economy. One of the biggest reasons why we have not had a growing economy or economic security is because it has become too difficult to build in Britain. I am proud to support a Bill that will get Britain building again.

I will talk briefly about the nature restoration fund, which in principle is a policy masterstroke. What is most shameful about our current nature legislation set-up, including the habitats regulations, is not just that it stops us from building the homes and infrastructure that our country needs and that it damages our economy in the meantime, but that it does not even work on its own terms. As was mentioned earlier, Britain is one of the most nature-depleted countries in the world; I am told that it is second only to Singapore. Why is that? Because the money that we force builders to pay for nature projects is not being spent in the most efficient way.

Take for example, as my hon. Friend the Member for Chipping Barnet (Dan Tomlinson) pointed out, the infamous bat tunnel, which cost us more than £120 million to protect a tiny proportion of bats, all while critical infrastructure projects were delayed or cancelled. Imagine what we could have done for nature not just with that money, but with the extra money that would have been provided to our economy by not stalling that project for so long. Although the nature restoration fund is a welcome step forward, we must ensure that it works. It is heavily reliant on Natural England bringing forward workable delivery plans in a timely fashion.

[Nesil Caliskan (Barking) (Lab)]

Does my hon. Friend agree that open green spaces are not always the most biodiverse, and that we need a more joined-up approach to providing investment in those spaces?

[Chris Curtis]

I agree, and I hope that the nature restoration fund can be an opportunity to make those spaces more biodiverse. I am trying to support a wetlands art project in my constituency that would use such money to improve biodiversity. I hope that all the organisations that, like me, care about nature recovery will do the right thing and support these changes—they will be the best thing for nature in decades—rather than trying to defend an indefensible status quo.

Finally, as somebody who owes much of my fantastic upbringing to a development corporation, I turn to the crucial issue of how we will fund development corporations when we start building the new towns. Although the changes introduced by the Bill are promising, at some point we will need to think about that financing. For every pound that was invested in Milton Keynes, many more were given back to the Treasury—somebody said the ratio was 14:1, but I have not found a source for that. Currently, any debt issues by development corporations to private capital must be added to the Government’s balance sheet. However, a simple change to Treasury accounting, to count those corporations in the same way as the banks that fell into public ownership after the financial crash, could unlock huge sums of international private capital to fund these vital homes and projects. That approach is consistent with those taken by many European counterparts, and we should actively explore it as a priority.

I will support the Bill today, but I urge Ministers to be honest that this is not a moment for self-congratulation. We need to continue to go further and faster to build the homes and the infrastructure that this country so desperately needs.