09:25 The Parliamentary Under-Secretary of State for Levelling Up, Housing and Communities (Jacob Young)

Most importantly, the making of the regulations opens a way to providing the considerable funding for the area set out in the devolution deal. The combined county authority will have control of an investment funding allocation of £38 million a year over the next 30 years, to be invested by the combined county authority to drive growth and take forward its priorities over the long term. The combined county authority will also have access to £17 million for the building of new homes on brownfield land, which will be available in 2024-25 subject to sufficient eligible projects for funding being identified, and £18 million of capital funding to support the delivery of housing priorities and drive net zero ambitions in the east midlands area. The combined county authority will plan and deliver the east midlands allocation of the UK shared prosperity fund.

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09:32 Jim McMahon (Labour)

Labour would push power out of Westminster with a take back control Act that gives communities a direct say in their future. It will start by giving all mayors the powers and flexibility to turbocharge growth in their areas on matters such as planning, housing, transport, net zero and adult education. We will offer all places the right to negotiate with the Government for powers that have been devolved elsewhere. The principle will be this: no area will be left out, but equally no area will be held back. Areas that can move faster will be supported to do so. Only by doing this can we begin to give Britain its future back.

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