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Transport and the Economy

I said that I would not give way again—my apologies, Mr Deputy Speaker. My hon. Friend is quite right, though: Rolls-Royce is a major employer in Derby and elsewhere in the east midlands—in Hucknall, for example—and connecting Derby and Sheffield in that way is crucial for the economy. One analysis has shown that the electrification of the line would benefit the economy by £12 million a year and by almost £450 million over the appraisal period, which makes an overwhelming case for it. It would also improve our links with Northamptonshire, making it easier for me to visit the hon. Member for South Northamptonshire (Andrea Leadsom) should I wish to do so, as well as the links between Derby and Sheffield. All estimates suggest that the conurbations served by the midland main line are set to grow—between 2000 and 2010, the population of those areas grew by 300,000, and estimates suggest that it will grow by 800,000 by 2030—so in addition to the economic reason for the investment, there is also the simple reason of population growth. The trains currently running on the route are diesels, and research suggests that CO2 emissions could be reduced by 43,000 per annum as a result of electrification. There is therefore also a good environmental argument for pressing ahead with electrification. There is another strong value-for-money argument, which is that electrification would result in immediate job creation along the line, it would boost the economy, and it would help cities such as Leicester to attract more inward investment. I am sure that it would do the same for other cities in the region and in South Yorkshire. It would bring long-term advantages to Leicester and the wider east midlands, and it will therefore be crucial for our region in the next few years. As I said, I am grateful to the Minister of State for meeting us last night, and I hope that the Under-Secretary of State replying to this debate will pass on my thanks to her. Last week, at Transport questions, the Minister of State told me:"““The electrification of the midland main line has been prioritised by the industry in its initial industry plan, which will form an important part of the decisions that we have to make on what will be funded in the next railway control period.””—[Official Report, 23 February 2012; Vol. 540, c. 1012.]" That answer aroused a great deal of excitement that evening's edition of the BBC's ““East Midlands Today””, and in my own fine newspaper, the Leicester Mercury. If the Under-Secretary wants star billing on ““East Midlands Today”” this evening, or in the Leicester Mercury, the Nottingham Post or the Derby Evening Telegraph, he need only get up and announce from the Dispatch Box that he is going to strike while the iron is hot, build on the profile that the Minister of State already has in the east midlands, and say yes to the electrification of the midland main line.