A £400 million cash boost for the Northern Powerhouse, announced at the Conservative Party Conference today, was given a warm welcome by Amjad Bashir MEP, Conservative spokesman on small business in the European Parliament.
Mr Bashir, MEP for Yorkshire and the Humber, said: “This is a substantial cash boost, well thought through and smartly-targeted.”
The investment, announced by Chancellor Philip Hammond, will pay for new rail and road links connecting cities not directly on the route of HS2, the government’s flagship high-speed rail project, which will cut journey times between London, the Midlands and the north.
An initial £300 million will be invested in rail – improving connections between Liverpool, Manchester, Sheffield, Leeds and York – and a further £100 million will be ploughed into 33 major new road schemes – ten in the north east, 13 in the north west and ten in Yorkshire and Humber.
Mr Bashir said: “This is a plan to spread the benefits of the prime Powerhouse projects. It will create a ripple effect so that all parts of the region become better connected. That will mean more investment and more jobs and I expect small businesses to be among the big winners.”
“Northern Powerhouse will be boosting the parts other investment projects don’t reach.”