Brendan Clarke-Smith MP welcomes the Conservative Government’s Spring Budget 2023, securing economic growth across the East Midlands
- The East Midlands is set to benefit from the Conservative Government’s Spring Budget 2023, that delivers on the Prime Minister and Chancellor’s priority to halve inflation, reduce debt and grow the economy.
- The Chancellor’s Spring Budget tackles the two biggest issues the UK economy faces – getting investment into the economy and filling one million job vacancies, by creating more opportunities for work across every region in the UK.
- East Midlands is set to benefit from new investment and boosted job opportunities, on top of £94 billion of cost of living support, averaging £3,300 for every household in the UK.
East Midlands is set to benefit from the Conservative Government’s Spring Budget 2023, bringing more investment to the area to create new jobs and grow the economy.
Thanks to the Conservative Government the East Midlands will see a Community Ownership Fund project backed by £250,000 through the Community Ownership Fund. These new projects will create jobs across the area and restore pride by delivering on local priorities.
The Chancellor has also committed £22.9 million across the East Midlands to fix 460,000 potholes, increasing road safety for motorists.
Recognising the vital role our hospitality sector plays in growing the economy, the Draught Relief announced at the Budget will benefit 3,140 across the East Midlands and help our pubs to prosper.
The Conservative Government have set the mission that, by 2030, every part of England that wants a devolution deal will have one. They have made progress on this including across East Midlands, empowering local leaders to deliver for their local communities by securing a deal in 2022.
This is a Budget for growth and sets the conditions to deliver on the Prime Minister and the Chancellor’s priorities: to halve inflation, grow the economy and reduce debt to deliver better living standards for everyone across the country.
Commenting, Brendan Clarke-Smith MP said:
“I am delighted the Conservative Government is investing in East Midlands, creating new jobs and economic growth in our area.
“From more money to fix our roads to backing local regeneration, the Chancellor’s Budget will benefit families right across the country.”
Commenting, Chancellor of the Exchequer Jeremy Hunt said:
“We are working hard to deliver on our priorities to halve inflation, grow the economy and reduce debt so we build a stronger and more innovative economy that will guarantee a better future for the next generation.
“This Budget tackles the two biggest issues the UK economy must overcome to grow – getting investment into our economy and filling one million job vacancies.
“It does this by delivering the four pillars – Enterprise, Employment, Education and Everywhere – that includes delivering for every region across the UK.”