Matthew Pennycook

It is a pleasure to see you in the Chair, Sir Jeremy. I warmly congratulate my hon. Friend the Member for Cambridge (Daniel Zeichner) on securing this debate. I thank him for his enthusiasm: despite the shadow Minister’s attempt to cast doom and gloom on the situation, there is a huge amount to be positive about in the Ox-Cam corridor. Not only is my hon. Friend a powerful advocate for the interests of his city, but he has long recognised the huge potential in the Oxford-Cambridge corridor and the high-potential growth sectors within it, as evidenced by his opening remarks. It is therefore fitting that it is he who has given hon. Members the opportunity to discuss this vital matter. I also thank the many other hon. Members who have spoken. I am really pleased that it has been such a well-attended debate. I have heard lots of bids for recognition of any kind, including from my hon. Friends the Members for Reading Central (Matt Rodda) and for Milton Keynes North (Chris Curtis), and support for funding. Support is undoubtedly required when it comes to things like planning capacity and capability, an issue raised by the hon. Members for North Bedfordshire (Richard Fuller) and Mid Bedfordshire (Blake Stephenson). There were also requests, as I expected, for various grant funding pots across Government. I cannot respond to each request directly, but I assure hon. Members that I will make sure that my ministerial colleagues in the relevant Departments are made aware of them. In the time available, I will respond to as many as possible of the thematic and broad issues that have been raised. I will start by outlining why the Government are so focused on supercharging growth in the Ox-Cam corridor as part of our ambitious plan for change. As we have heard today, the Oxford-Cambridge region is already an economic powerhouse. It is home to world-leading universities, to globally renowned science and technology firms and to some of the most dynamic innovation clusters in Europe. For a region of 3.5 million people, it punches well above its weight by contributing £143 billion annually to the UK economy. As this debate has evidenced, the corridor is not just a stretch of land between two cities with world-class universities; its strength lies in the combined economic power of the entire region. With its highly productive and thriving tech sector, Milton Keynes, which my hon. Friend the Member for Milton Keynes North rightly raised, is a magnet for innovation and investment. Silverstone contributes advanced manufacturing capabilities. Luton brings global connectivity through its international airport and its strong Eurospace and engineering cluster. Culham is now a thriving centre for research, innovation and a world-recognised fusion technology cluster. I could go on—there are many other examples of places that are doing fantastic things. Together, these and other places within the corridor form an interconnected economy that is driving growth, attracting talent and delivering benefits for those places and for the UK as a whole. However—and there is strong consensus across the Chamber on this point—we have not yet realised the region’s full potential. It has the potential to become one of the most innovative and economically dynamic areas in the entire world, but as things stand, numerous constraints, from inadequate transport connections to a lack of affordable housing, are preventing it from realising its true potential. That is why the Government are determined to do what is necessary and apply clarity and consistency to drive sustainable economic growth in the region, to the benefit of local communities and national prosperity. As has been said, there are numerous constraints preventing the corridor from realising its potential. We have had a couple of examples today, and I could add to them. It currently takes two and a half hours to travel by train from Oxford to Cambridge; there is no way to commute by rail directly to Cambridge from places such as Bedford and Milton Keynes; and the lack of affordable housing across the region is a major barrier to securing the world-class talent on which world-class companies depend. As my hon. Friend the Member for Cambridge rightly argued, it is now imperative that, after several false starts, we do what is necessary to drive the growth that we need in the region. That is why the Chancellor made it clear in January that the Ox-Cam corridor would be an economic priority for the Government; it is why she appointed Lord Vallance as the ministerial champion for the region. If we are to drive the growth we need in the region, we must improve its infrastructure. As hon. Members will know, we have reaffirmed our commitment to deliver East West Rail in full. That will provide a direct rail line between Oxford, Milton Keynes, Bedford and Cambridge, reconnecting businesses and communities and increasing opportunities for people who live and work in the corridor. More recently, at the end of October, we committed £120 million to reopen the Cowley branch line in Oxford. That unlocked significant private investment from the Ellison Institute of Technology, which has committed more than £10 billion in science and technology as it expands its Oxford site over the next decade. All of that is on top of our existing projects to improve wider transport infrastructure across the region, such as the upgrade to the A428, which is central to boosting connectivity between Cambridge and Milton Keynes. We are also supporting greater international links for the corridor through our championing of the expansion of Luton airport. As my hon. Friend the Member for Cambridge set out, we need to develop a clear plan for infrastructure in its widest sense. We are therefore working actively across Whitehall and with local partners to consider the region’s needs in areas such as energy and water provision.