The North West is set to benefit from the Conservative Government’s Spring Budget 2023, bringing more investment to the area to create new jobs and grow the economy.
Thanks to the Conservative Government the North West will see 5 projects, backed by £59.9 million through the Levelling Up Regeneration Projects and 2 Community Ownership Fund projects backed by £450,000 through the Community Ownership Fund. These new projects will create jobs across the area and restore pride by delivering on local priorities.
The Chancellor has also committed £26.6 million across the North West to fix 530,000 potholes, increasing road safety for motorists.
Recognising the vital role our hospitality sector plays in growing the economy, the Draught Relief announced at the Budget will benefit 4,520 venues across the North West and help our pubs to prosper.
The Conservative Government have set the mission that, by 2030, every part of England that wants a devolution deal will have one. They have made progress on this including across the North West empowering local leaders to deliver for their local communities by securing a trailblazing, single, multi-year deal.
This is a Budget for growth and sets the conditions to deliver on the Prime Minister and the Chancellor’s priorities: to halve inflation, grow the economy and reduce debt to deliver better living standards for everyone across the country.
Commenting, Cllr. Dylan Butt, Shadow Executive Member at Trafford Council for Economy and Regeneration said:
“I am delighted the Conservative Government is investing in the North West creating new jobs and economic growth in our area.
“From more money to fix our roads to backing local regeneration, the Chancellor’s Budget will benefit families right across the country.”
Commenting, Chancellor of the Exchequer Jeremy Hunt said:
“We are working hard to deliver on our priorities to halve inflation, grow the economy and reduce debt so we build a stronger and more innovative economy that will guarantee a better future for the next generation.
“This Budget tackles the two biggest issues the UK economy must overcome to grow – getting investment into our economy and filling one million job vacancies.
“It does this by delivering the four pillars – Enterprise, Employment, Education and Everywhere – that includes delivering for every region across the UK.”