Spring Forecast

Debate between Rachel Reeves and Jayne Kirkham

Tuesday 3rd March 2026 Commons Chamber

[Jayne Kirkham (Truro and Falmouth) (Lab/Co-op)]

I welcome the changes to the Green Book to support investment in coastal and rural areas. Can the Chancellor confirm that they will lead to investment in transport infrastructure in places like Cornwall, to support the investment being made in our industries, particularly the £50 million going into our critical minerals strategy?

[Rachel Reeves]

I thank my hon. Friend for the work that she has done to promote the investment opportunities in Cornwall. The Green Book means that for the first time, different parts of the country—urban, rural and coastal communities—will all have a fair chance of getting the investment that they need. This Government’s critical minerals strategy will have a direct impact—it is already having it—on Cornwall, where the National Wealth Fund is investing in lithium and tin, as I saw at first hand when I was there last summer.

Oral Answers to Questions

Debate between Rachel Reeves and Jayne Kirkham

Tuesday 3rd September 2024 Commons Chamber

[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.