Lord Lansley (Con)

My Lords, I want to say a word in support of Amendment 133 from the noble Lord, Lord Best, about creating a statutory provision to enable financial assistance to be given to the establishment of a mayoral development corporation—and also, perhaps, just to note that my former constituency lies within the area where the Government have announced today a consultation on the establishment of a centrally led development corporation for the whole area of the city council and South Cambridgeshire. Noble Lords on all sides might like to stop and examine this substantial issue. All decisions relating to sites of strategic importance in two council areas will, according to the proposal, from 2029 at least be decided by a development corporation and not the councils themselves. That is quite a substantial change. I am not saying that I am for or against it; we were always expecting it and had been expecting it for quite a long time. It is relevant to this debate because the reason why, in greater Cambridge, people not only expected this to happen but, by and large, supported it—I remind noble Lords of my registered interest in the Cambridgeshire development corporation—is that it comes, as announced, with £400 million in investment and infrastructure, and development corporations need to be driven by an infrastructure-first approach. That is relevant to this debate because, if this were a mayoral development corporation—we have a mayor, so it is not inconsiderable that it could have been—it does not follow that anything like those resources would have been available to a mayoral development corporation in the way that they are for the centrally led development corporation. That is not to say that mayoral development corporations cannot get financial assistance from the Government. For example, in London the Old Oak development corporation has had money from the Government through the Homes England housing investment fund and some capital grants for land acquisition. But I do not think that is quite what the noble Lord, Lord Best, is looking for. We are looking for two things: first, the ability for the Government to provide resources for the establishment of a mayoral development corporation, rather than for financial support for some of its activities. Secondly, we may be looking at mayoral development corporations, particularly in some of the new towns, where the funding requirement is at scale and is particular to that development corporation and not simply a subset of the grant-making powers that are available to the relevant government department for other purposes. I remember the days when I was a financial officer for a government department. Having the statutory power is necessary if you are going to have substantial resources devoted to something over a significant period of time. It is not good enough simply to regard it as an extension of other powers that were devised not for that purpose. Giving specific statutory powers to fund the establishment of mayoral development corporations and to enable long-term funding from the Government potentially seems to be an essential part of the new towns programme. I support the noble Lord’s amendment.