Budget Resolutions — House of Commons, 2021-11-01
Topic: Macroeconomics
Luke Morgan Evans (Conservative, Centre-right): I was elected almost 18 months ago on a platform of levelling up. I therefore relish the challenge when we are asked what levelling up is. In the Chamber, we talk about levelling up as opportunity of policy, place and people. That is all very well, but people from Bosworth are pragmatists and they want to know what that means, so I will explain very simply what levelling up looks like for the people of Bosworth On policy, we talk about the green revolution. That is 60,000 green jobs in the freeport just up the road from Bosworth. We talk about investment, and we won an Israeli investment from REE of £250 million, which will bring 300 jobs to MIRA technology park, leading the automotive industry in the heart of the midlands. Britishvolt has put its HQ in MIRA. Although it is building in Blyth Valley, its high-end HQ will be based in my constituency. Amazon is investing in Hinckley, bringing 700 new jobs. We have got £400 million through the Midlands Engine Investment Fund to add to the £300 million private investment for small and medium-sized enterprises to grow. As has been pointed out, that is the way out and the Budget has provided a framework for that We should remember that the measures are based on covid support for our businesses, which meant bounce back loans for 1,869 businesses in Bosworth, amounting to £55 million, and 104 businesses taking up the coronavirus business interruption loan scheme at £29 million. That was to get them through so that they could survive and now thrive What do I mean by place? In the road investment strategy—RIS2—there is £20 million to improve the A5. Millions of pounds of investment has gone into Hinckley Academy so that we have quality education at the heart of Hinckley. We have had £28 million of investment in Leicestershire broadband to see the likes of Sketchley Brook finally get its service. There is £1.8 million in the high street heritage action zone for Hinckley high street. What about healthcare? There is £250 million for Leicester Royal Infirmary and £3 million for George Eliot Hospital, where 30% of my constituents go. What about rail? In the levelling-up bid, £17.6 million has gone to Leicester to improve the train station, and there is £50,000 for the Ivanhoe line to look at opening the line that would go straight through my constituency. I have not even got to the jewel in the crown so far—Twycross Zoo, which has been given £19.9 million. That is levelling up typified: conservation, growing tourism, and providing high-end STEM jobs in our region Finally, in the last minute of my speech, we must not forget people. We must not forget the 15,000 people in my constituency who were given furlough support during the pandemic. Unemployment in Bosworth is 3.4% when the average is 5%. We must not forget the £3.5 million of the £500 million household support grant for the most vulnerable. That matches the minimum wage of £9.50 and the reduced universal credit taper from 63p to 55p. In Leicestershire, we also have 227 new police officers to keep us safe. I could go on, but the key thing to remember is that although the job is not done, there is hard evidence of the difference that we are making, which is tangible, palpable and visible. That is levelling up.