Economic Situation: Coronavirus

(asked on 5th July 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the rate of economic recovery from the covid-19 outbreak across each of the regions of the UK.


Answered by
Simon Clarke Portrait
Simon Clarke
This question was answered on 11th July 2022

Encouraging regional growth is a key part of our ambition to level up opportunities right across the UK, which is why at Spending Review 2021 we announced a comprehensive spending package to boost investment in places in need and improve people’s everyday lives. This included launching the new £1.4bn Global Britain Investment Fund to ensure that economic opportunities are spread more evenly across the UK and ensuring SMEs across the UK can access the finance they need including through British Business Bank programme.

Furthermore, we announced the first 105 places to receive support for regeneration from the £4.8bn Levelling Up Fund, alongside unprecedented investment of £5.7bn in five-year consolidated transport settlements for eight city regions.

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