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Friday, 23 October 2020

Budget 2020: Budget levels up opportunities for people in the East Midlands

£10 million for a new cycle route between Nottingham, Derby and East Midlands Airport. A46 Newark Bypass and M1 upgrades.

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Ambitious plans to power up the East Midlands with new investment in vital transport links, affordable housing and public services, were announced at today’s Budget.

Chancellor of the Exchequer, Rishi Sunak, set out his plans to deliver on the promises made to the public and lay the foundations for a decade of growth, giving everyone the same opportunity to thrive wherever they live.

Villages, towns and cities across the region will benefit from investment linking up transport in the East Midlands and supporting business and community growth.

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Budget announcements for the East Midlands include:

– £20 million for the Midlands Rail Hub – upgrading and improving connections between cities and towns across the Midlands;
– £93 million flood defence funding to better protect over 17,000 properties across Skegness, Tattershall and Boston;
– £500 million spending on major strategic road schemes between 2020-25. This will help fix the A46 Newark Bypass, and upgrades to the M1 to better link Leicester and Nottingham;
– £56 million additional funding for local road maintenance and fixing potholes;
– £161 million from the Transforming Cities Fund for Derby & Nottingham including – £25 million for bus services in Derby and over £10 million for a new cycle route between Nottingham, Derby and East Midlands Airport;
– £33 million for Leicester including £8 million for sustainable transport from St Margaret’s to Birstall.
– A share of the £2.7 billion for six major hospital schemes from the Health – – – Infrastructure Plan with one scheme in the East Midlands: University Hospitals of Leicester NHS Trust;
– International Trade advisers focused on the Midlands Engine to provide personalised support to exporters in the region;
– A share of the £100 million seed funding for Kettering General Hospital NHS Foundation Trust and Nottingham University Hospitals NHS Trust.
The Chancellor of the Exchequer, Rishi Sunak, said:

“This Budget delivers on our promises to the British people and lays the foundation for a decade of growth across all parts of the UK.

“We will level up the East Midlands by upgrading vital roads across the region and doubling funding for flood defences across Skegness, Tattershall and Boston to better protect thousands of homes.”

The Chancellor also announced a package of measures to tackle the impact of the Covid-19 outbreak on the UK economy, with the Government providing additional funding, support for public services and vulnerable people, and reducing the costs for businesses.

The Chancellor set out his Budget coming from a position of economic strength across the region. In the last decade, there are 303,000 more people in employment in the East Midlands and over 53,000 more businesses.

The investment outlined today also builds on ongoing work in the region including increased funding for the NHS. As part of the £850 million to upgrade facilities and equipment in 20 hospitals, United Lincolnshire Hospitals Trust will receive £21.3 million to improve patient flow in Boston by developing urgent and emergency care zones in A&E.

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