MP says Budget was good news for High Peak

High Peak MP Robert Largan has welcomed news of billions of pounds to support local businesses and families through the pandemic that was announced in the Budget.

Thursday, 4th March 2021, 4:35 pm

Mr Largan also says the Budget delivers on the promises made to the British people, and invests in the UK’s future economy.

During his speech, Rish Sunak, the Chancellor of the Exchequer , set out an ambitious plan that focuses on supporting people and businesses through this moment of crisis, well beyond the end of Covid restrictions, to ensure they have the security and stability they need.

At the heart of his plans are policies to build the future economy, level up across all regions of the UK, and spread opportunity everywhere.

High Peak MP Robert Largan outside the Chancellor's residence at 11 Downing Street

High Peak has been identified as being a top priority area for funding from both the Levelling Up Fund and the UK Community Renewal Fund.

The Government has also listened to proposals Mr Largan has been pushing as part of the Levelling Up Taskforce, such as introducing a ‘super deduction’ on capital investment for companies, creating a huge incentive for businesses to invest, expand and create new jobs.

Analysis shows that this measure will overwhelmingly benefit the north and m idlands.

And Derbyshire is seen as being one of the biggest beneficiaries.

Mr Largan said: This Budget struck the right balance, focused on protecting jobs by supporting people through the current crisis, while beginning to fix the public finances with a fair and honest plan and looking to build a better future economy for the whole country, including places like the High Peak.

“I’m really pleased that the Government have taken on several of the proposals I have been pushing as part of my role on the Levelling Up Taskforce, with a big focus on helping businesses to expand and create new jobs.

"And I’m absolutely delighted that the High Peak has been identified as one of the top priority areas for the Levelling Up Fund and that we’ll receive funding to help develop a bid.

"This is a big opportunity to deliver badly-needed investment in our local infrastructure.”