Oral Answers to Questions

Debate between Simon Clarke and Ronnie Cowan

Monday 17th October 2022 Commons Chamber

[The Secretary of State for Levelling Up, Housing and Communities (Mr Simon Clarke)]

Round 1 of the levelling-up fund saw a total £1.7 billion awarded to 85 lead applicants across 105 bids from the UK. Of this, my Department has awarded £1.24 billion, with £187 million paid out to date. We expect that figure to increase significantly as these projects move through the delivery phases. I expect to announce the outcome of round 2 by the end of this year, with funding decisions based on the framework set out in our levelling-up fund guidance.

[Ronnie Cowan]

Inverclyde has a very strong bid in, but we need maximum co-operation between this UK Government and my Inverclyde Council to ensure that we can line up all the ducks at our end and therefore get a maximum return on the investment. I heard the Minister saying that this would be announced at the end of the year, but last week I was being told that it would be at the end of November, so things seem to be slipping there, which concerns me. When will he tell me that Inverclyde has been successful, and how much money is he going to give me?

[Mr Clarke]

Fond as I am of the hon. Gentleman, I will not give him the money directly, but we will deliver it by the end of the year.

Oral Answers to Questions

Debate between Simon Clarke and Ronnie Cowan

Tuesday 1st February 2022 Commons Chamber

[Mr Simon Clarke]

My hon. Friend is a fantastic advocate for Wrexham, and for wider pride in north Wales, which is incredibly important. I am happy to meet her to discuss any aspect of the bid process that it would be helpful to discuss further.

[Ronnie Cowan (Inverclyde) (SNP)]

Will the Chancellor confirm or deny that millions of pounds of taxpayers’ funds have been sunk into an online gambling company with the Government’s start-up scheme? If so, is this the right time to invest in a private gambling firm, since a review of the Gambling Act 2005 is already being undertaken?

[Mr Clarke]

I thank the hon. Gentleman for his question. This relates to the future fund, a rules-based scheme that means that any firm is eligible for funding, providing it meets the required eligibility criteria for the scheme and passes the necessary checks. Neither the Government nor the British Business Bank chose specific investments; it is about helping innovative equity-backed companies to weather the economic disruption caused by covid and continue their long-term growth projection.