Ports: Infrastructure
The question
To ask the Secretary of State for Transport, what steps her Department is taking to help ensure that its proposed £1.8 billion funding for port infrastructure will lead to (a) economic growth and (b) job creation.
Answered by Mike Kane
This government has announced the creation of a £7.3bn National Wealth Fund, for which investment in ports and supply chains has been identified as a priority. HM Treasury and the UK Infrastructure Bank are leading on the setting up of the NWF and agreeing details of its operation such as funding criteria, process, and allocation. The Fund is intended to be UK wide. Key missions for the UK government and this Department are kickstarting economic growth, creating opportunity for all, and driving forward the UK’s green energy transition.
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