Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether his Department has carried out an impact assessment on the effect of the UK leaving the EU on the West Midlands regional economy.

The government has provided a guarantee for all European Structural and Investment Fund projects signed before the UK’s departure from the European Union. Officials are beginning the longer-term work of considering how best to support our regions following the UK’s departure from the European Union.

The government will publish a Midlands Engine Strategy shortly. This will set out plans to address productivity barriers across the region. The Midlands will also benefit from £392 million of Local Growth Fund allocations.