B

Baroness Coffey (Con)

Speaking in the House of Lords on 5 June 2025

Debate

Regional Growth

Contribution

My Lords, I am conscious that some of these announcements sound familiar—that is why I welcome them—but I was concerned that the Ely Junction upgrade was not mentioned. I hope for better news later next week. The Minister referred to the Green Book. I am very interested in this, because it was changed in December 2020 specifically to make sure that the Government’s strategic priorities—of which growth around the country was one—meant that a project’s BCR could be lower than for other projects, but that it would still be awarded and could go ahead. Based on what the Minister has said, I am just wondering what further changes are going to be made in the Green Book on the back of the changes that have already happened, which have meant that projects could be deployed—that is why so many of these projects were announced two years ago. I would be grateful if he could explain this further. He talks about black holes and the like; of course, he knows that the OBR does not agree with that assessment. I would also be grateful if he could clarify the spending announcement, because he said that this would be new money. Is that on top of the £36 billion announced two years ago for many of the projects that were re-announced yesterday?

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