Economic Situation: Yorkshire and the Humber

(asked on 1st July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to ensure that the Government's strategy for a green economic recovery is incorporated into plans for the economic recovery of (a) Yorkshire and (b) North Lincolnshire after the covid-19 outbreak.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 10th July 2020

The Coronavirus is the biggest threat this country has faced in decades. We recognise that every region and community will be feeling the impacts of this crisis; that is why the Government has announced unprecedented support for business and workers around the country. Alongside the focus on supporting the economy, the Government continues to take its environmental responsibilities very seriously.

We want local areas to capitalise on their strengths as we move to restart the economy and make progress to achieve net zero carbon emissions by 2050. Supporting sustainable industry in the northern industrial clusters will help us achieve these goals.

At Spring Budget, the Government announced at least £800 million for to support at least 2 Carbon Capture and Storage adoption within industrial clusters, of which the Humber and Teesside are candidates.

This will accompany £95 million to fund shovel-ready projects across the East Midlands and £123.1 million for projects across Yorkshire and Humber to help provide a boost to the local economy and create jobs.

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