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Written question asked by Ian Lavery (Labour) on Monday, 19 December 2016, in the House of Commons. It was due for an answer on Monday, 9 January 2017. It was answered by Nick Hurd (Conservative) on Monday, 9 January 2017 on behalf of the Department for Business, Energy and Industrial Strategy.


Industry: North East

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding to which industries in the North East the Government plans to provide (a) over the next three years; and if he will estimate how many jobs will be created by that finding.

Answer

The Industrial Strategy is a critical part of the Government’s ambition to build an economy that works for everyone. Government funding for business support across England is awarded to local areas via Growth Deals agreed with Local Enterprise Partnerships.

The Growth Deal agreed with the North East’s Local Enterprise Partnership will see nearly £330m invested in the North East economy between 2016 and 2021. This investment in innovation, skills, business support, transport, and economic assets will drive economic growth in the North East. Over the lifetime of the Deal the Local Enterprise Partnership estimates that up to 5,000 new jobs could be created and up to £130m additional public and private investment.


Secondary information

Type
Written question
Reference
58251
Session
2016-17
Related items
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Monday, 16 January 2017
Written questions
House of Commons
Subjects
Industry Government assistance Job creation North East
Contains statistics
Yes
Link
View this Written question on www.parliament.uk