09:30 Esther McVey (Conservative)

It is also important to highlight one particular opportunity and one particular challenge in the east of England. The opportunity is presented by the UK’s net zero target, with East Anglia right at the forefront of the Government’s plans. Half of the UK’s offshore wind fleet will be anchored off our coast. There is the proposed Sizewell C nuclear power station, and there is the potential to retrofit the gas infrastructure, both in the southern North sea and on land via the Bacton gas terminal. Some 30% of the UK’s low-carbon electricity will in due course come through Suffolk alone. There is potential to completely transform the economy of the whole of coastal East Anglia, where many deep pockets of deprivation are found. To make the most of the opportunity from which the whole of the UK will benefit, the Government need to provide the necessary seedcorn funding. If that is done, we are not just talking about levelling up; we can provide a global exemplar as to how decarbonisation can be delivered to benefit local people and local communities.

I thank the hon. Gentleman for giving way and making such an excellent contribution to this debate. I notice that on transport infrastructure, he seems to be looking at a very 20th-century model, as if the climate crisis was not happening. Will he talk a little more about the kind of rapid transit systems that he envisages would take individuals off the roads in their cars and move them on to buses and trains, freeing up more of that road network system and helping the environment and ecological systems that are in place?

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10:47 Neil O'Brien (Conservative)

We have talked about the different funding streams backing local opportunities. As a few people mentioned, the levelling-up fund is putting £87 million into a range of different local priorities, with transport upgrades in Bedfordshire, new science facilities in Peterborough, upgrades to the coastal attractions in Southend, and £20 million to help Great Yarmouth to recapitalise on its cultural heritage and the unique strength that it has in green energy. New money from the levelling-up fund could help to transform the fortunes of a town such as Luton, with new housing in the centre of town or the new community and business space. Those are important things to help turn around the fortunes of that town.

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