Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of fiscal arrangements in supporting long-term regeneration in coastal communities.
The government is committed to working in partnership with the nation’s coastal and rural communities, including Southport, so that they can kickstart growth in their area and make everyone better off.
Many coastal communities sit within mayoral combined authorities - like the West of England CA, Liverpool City Region, and the North East MSA – and therefore benefit from an Integrated Settlement allowing more flexible, long-term funding to invest locally and plan strategically – including on infrastructure investment. Many areas have also received specific support; Southport, for example has received £5m to renovate the Town Hall Gardens and funding for the Regeneration of Southport Pier through the Growth Mission Fund.