Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Steve Baker Excerpts
Tuesday 15th March 2022

(2 years, 1 month ago)

Commons Chamber
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Helen Whately Portrait Helen Whately
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I thank the hon. Gentleman for his question. I also represent a rural constituency with significant agricultural interest, and I assure him that we have protected agricultural funding through this Parliament. We are committed to levelling up across all parts of the UK, in rural as well as urban areas.

Steve Baker Portrait Mr Steve Baker (Wycombe) (Con)
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What steps is the Minister taking with our right hon. Friend the Secretary of State for Levelling Up, Housing and Communities to ensure that areas that need levelling up are able to attract private sector investment?

Helen Whately Portrait Helen Whately
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That is a very important point. Levelling up is not just about public sector investment—indeed, the lion’s share of investment in future growth in our economy will come from the private sector. One important thing that the British Business Bank is doing with its regional fund is crowding in private sector investment, so that we will get more private sector investment on top of the public sector investment we are putting in.