Jonathan Reynolds

Jonathan Reynolds

Labour (Co-op) — Stalybridge and Hyde

Speaking in the House of Commons on 23 June 2025

Debate

UK Modern Industrial Strategy

Contribution

I thank my hon. Friend for his question, which I greatly appreciate. Worcester plays a wonderful role in our economy, and it is great to hear about that level of local ambition from him and other local leaders. There are specific funds to support innovation: £500 million has been allocated for innovation, which will be split among areas up and down the country. The access to finance provisions will also apply to his constituency, whether that is the British Business Bank having more firepower and more ability to support the kind of items that he has in his constituency, the beefed-up capacity for UK export finance, or the National Wealth Fund working hand in hand with the private sector. The brilliance that my hon. Friend has in Worcester is exactly the kind of platform that stands to benefit greatly from the measures in the industrial strategy.

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