Oral Answers to Questions

Debate between Perran Moon and Emma Reynolds

Tuesday 8th September 2026 Commons Chamber

[Perran Moon (Camborne and Redruth) (Lab)]

16. What assessment he has made of the potential impact of changes to regional funding arrangements on the economies of local communities.

[The Chief Secretary to the Treasury (Emma Reynolds)]

The Government will support good growth in every postcode, including in Cornwall and Gloucester. We have already established No. 10 North to work in partnership with local leaders, businesses and communities, and at the Budget next month we will publish plans for further fiscal devolution, including greater retention of business rates revenue for local councils and strategic authorities.

[Emma Reynolds]

My hon. Friend is a great champion for his constituency. The Cabinet statement on devolution set out the Government’s ambitions to accelerate devolution across the country by establishing a strategic authority for every area in England that wants one by the end of 2028. All strategic authorities, including those without a mayor, will benefit from greater powers over skills, transport and housing.

[Perran Moon]

As the furthest southerly Labour MP in the UK, I note several recent announcements of funding going to the north of England and mayoral strategic authorities. I have been very encouraged by the Prime Minister’s comments on Cornish devolution, and there is no requirement for Cornwall to join a mayoral strategic authority, but can the Minister elaborate on how changes to regional funding arrangements will support the Cornish economy?

[Emma Reynolds]

My hon. Friend is a doughty champion for his area. As he said, the Prime Minister has been engaging with Cornwall—including, importantly, with its six MPs, including my hon. Friend—on a devolution agreement. This will support the Cornish economy through stronger statutory powers on transport and housing, and the ability to introduce an overnight visitor levy, which can be invested in projects that drive growth in the region. As he will know, the Government are already investing in Cornwall’s high potential sectors with the £30 million Kernow industrial growth fund.