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Infrastructure: Finance

Question for Treasury

UIN 4513, tabled on 20 May 2021

To ask the Chancellor of the Exchequer, with reference to the announcement in the 2021 Budget of £100 billion of funding for infrastructure, how that funding will be allocated across the South East region to (a) transport projects, such as East West Rail and the West Anglia mainline, (b) the roll out of high speed broadband and 5G and (c) other services to support the long-term growth of that region and places within the UK Innovation Corridor.

Answered on

27 May 2021

The Government has committed to increase investment in infrastructure for the benefit of the whole of the UK. As part of this, we will invest £760 million to deliver the next phase of East West Rail, reinstating direct rail services between Bicester and Bletchley and creating 1500 skilled jobs. Local areas in the South East will also benefit from the Government’s landmark £5bn commitment to support the rollout of gigabit connectivity in the hardest to reach parts of the country and our ambition for the majority of the population to have access to a 5G signal by 2027. Furthermore, in 21-22 we are investing £14.6 billion in research and innovation grants and facilities across the UK, backing the priorities set out in the UK Government’s Research and Development Roadmap. The Government welcomes any endeavour that aims to support innovation and ‘build back better’, including the initiatives of the Innovation Corridor to link opportunities in the South East.

Answered by

Treasury