Economic Growth: Sutton Coldfield
The question
To ask the Chancellor of the Exchequer, what steps she is taking to help increase economic growth in Royal Sutton Coldfield.
Answered by Lucy Rigby
We want people in all corners and nations of the UK to feel the benefits of economic growth so we can raise living standards and ensure opportunities are felt everywhere. We have the right economic plan to do exactly that, particularly through devolution, investment and reform.
The English Devolution and Community Empowerment Act has put Mayoral Strategic Authorities on a statutory footing for the first time, cementing a base of devolved powers through the devolution framework. Royal Sutton Coldfield falls within West Midlands Combined Authority, which benefits from government funding. WMCA will receive at least £2.5 billion in funding for 26-27 to 29-30 through their integrated settlement.
They will also receive investment through the Transport for City Regions Fund, improving transport to the city hubs, investment in HS2, the £3 bus fare cap and investment from the British Business Bank, all of which will support growth in the area.
Royal Sutton Coldfield will also benefit from the Pride in Place programme, which will provide up to £20m over 10 years. The fund will target investment to communities that need it most, addressing the visible decline on high streets and the wider public realm. Local areas will be able to decide where to invest, including things like youth clubs, libraries, community grocers, cultural venues, and health and wellbeing services.
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