Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps she plans to take to increase growth spending on (a) transport and (b) research and development outside of the South East of England.
Investment in our transport infrastructure is key to delivering the growth mission – with this government committing to a real terms increase in transport investment in 2025-26.
We have committed over £1 billion for the North and over £500m for the Midlands in 25/26 to improve local transport services people use every day.
The Government is protecting record levels of R&D investment, with £20.4 billion allocated in 2025/2026; ensuring the benefits of R&D are felt across the country, including through Innovation Accelerators, which the government will extend into 2025-26 to continue to bolster high-potential innovation clusters in the Glasgow City Region, Greater Manchester, and the West Midlands.