Oral Answers to Questions
Debate between Rachel Reeves and Jayne Kirkham(2 months, 1 week ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Rachel Reeves
The hon. Gentleman speaks powerfully about the huge opportunities at Immingham and on the whole east coast through renewable energy and carbon capture and storage. Part of the reason for the national wealth fund is to invest in industries such as CCS, but also in our crucial steel sector, which is important to so many of the other Government ambitions on growing our economy. We are determined to support the steel sector through that investment from the national wealth fund.
Jayne Kirkham (Truro and Falmouth) (Lab/Co-op)
The Chancellor’s plans for growth are welcome in Cornwall, but in the meantime we are relying upon shared prosperity fund and towns deal money. The deadlines for the completion of those schemes are March 2025 and March ’26. To ensure that investment is not lost, will the Chancellor consider extending the deadlines for completion of those schemes by up to 12 months?
Rachel Reeves
I thank my hon. Friend for that question and welcome her to her place. She speaks powerfully on behalf of the people of Cornwall. The spending review will be the appropriate time to look at the shared prosperity funds and what resource we can give to the people of Cornwall, and I am sure my hon. Friend will work with the relevant Secretaries of State to ensure those representations are heard.