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East Midlands Chamber News

Chamber reacts to leaked HS2 Oakervee Review

Following the leaking of a draft report published by the Financial Times which focuses on the predicted costs of delivering HS2, Scott Knowles, Chief Executive at East Midlands Chamber*, said:

“The full Oakervee Review now needs to be published and HS2 delivered in full, without delay. While costs and value for money are important considerations, there is a clear and strong economic case for delivering all phases of HS2.

“For far too long businesses both here in the East Midlands and across the UK have had to cope with heavily congested Victorian-era railways. Businesses count the cost of this in delayed journeys, overcrowded trains, uncertain deliveries and unreliable services.

“The delivery of critical transformational schemes, including Midlands Engine Rail and Northern Powerhouse Rail, also rely on the connections that HS2 will make. Reducing the scope of this project would put at risk development plans across the country.

“HS2’s importance goes far beyond train services. Its anticipated completion is already attracting investors and will continue to attract investment to surrounding areas, rejuvenate local economies and create opportunities for businesses across the supply chain; with many firms in the East Midlands telling us they are primed and ready to take advantage of such opportunities.

“There can be no more tinkering around the edges of our rail network. It is clear that bringing HS2 to fruition in its entirety is crucial to giving our region – and indeed the country - the connectivity it both needs and deserves.”

 

*East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire)

 

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