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East Midlands Chamber News

Chamber reacts to PM’s New Deal economic recovery plan

Prime Minister Boris Johnson today announced a so-called New Deal programme, which aims to underpin the UK’s post-Covid economic recovery plan.

In a speech in Dudley, he set out plans to “build, build, build”, including spending £5bn on infrastructure projects and “level up” the country.

Pressing ahead with ambitions to “not just bounce back, but bounce forward”, the Prime Minister also confirmed the UK would focus on creating green jobs and supporting green technologies.

Scott Knowles, Chief Executive of East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire), said: “We’ve never known a situation like this when the economy has been shocked in such a way that the country needs a bold and brave response from the Government.

“We welcome the Prime Minister’s ‘New Deal’ programme, which suggests the Government is serious about supercharging the economy to help Britain – and the East Midlands – get back on its feet over the long term following the Covid-19 crisis.

“We look forward to seeing which particular schemes will benefit from ‘Project Speed’, given that there are two priority projects in the East Midlands – building the HS2 eastern leg and upgrading the Midland Main Line – which are absolutely crucial to enabling the region to fulfil its undoubted economic potential.

“An ambition to spark a green recovery is also welcomed. The East Midlands already has real expertise in green construction and any support to boost skills in this domain will be important to fulfilling this goal.

“Proposals to streamline the planning process and open access to public sector procurement should also be good news for SMEs, whose ability to compete in tender processes will be important in securing their own post-Covid futures.”