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Bury Liberal Democrats

Lib Dems to use £50 billion regional fund to invest in Regions

December 7, 2019 11:59 PM

The Liberal Democrats would use an ambitious £50 billion regional growth fund to invest in regional development projects, including in Bury, according to local candidate Gareth Lloyd-Johnson.

The Liberal Democrats, who are fighting their campaign on a platform to Stop Brexit to build a brighter future, have earmarked £50 billion to reverse regional under-investment from the Conservatives.

Gareth Lloyd Johnson HSLiberal Democrat candidate for Bury North said it is "vital our communities are not left at the back of the queue".

This £50 billion ring-fenced by the party will go towards major, sustainable infrastructure projects, such as electrifying railways, increasing the availability of charging points for electric vehicles and improving broadband access.

Gareth Lloyd-Johnson, Liberal Democrat candidate for Bury North said:

"For far too long people have seen our area miss out on the investment it needs. Successive governments, be they red or blue, have failed to listen to local needs, neglected our public services and hung our community out to dry.

"People deserve better. It is vital our that we are not left at the back of the queue.

"That is why the Liberal Democrats are prioritising an ambitious £50 billion regional growth fund. If elected, I will fight tooth and nail to invest this money is invested in [INSERT PROJECT/AREA].

"That is the brighter future our communities deserve, not the uncosted promises of the other parties."

Liberal Democrat Shadow Chancellor Ed Davey added:

"Any form of Brexit, whether red or blue, will make Britain's economy weaker and people poorer.

"Neither Labour or the Tories can square their spending promises today with the cost of Brexit. They are writing promises on cheques that will bounce.

"In contrast, every vote for the Liberal Democrats is a vote to stop Brexit, build a brighter future and invest billions into our vital public services."


Notes to editors:

The Liberal Democrats will:

  1. Introduce a capital £50 billion Regional Rebalancing Programme for infrastructure spend across the nations and regions of the UK.
  2. Reinforce this with a Just Transition Fund to support communities negatively affected by policies to tackle the climate emergency.
  3. Set an ambitious National Industrial Strategy to transform the economy and develop Local Industrial Strategies within it. This will incentivise clustering by businesses and universities with particular specialisations.

The £50 billion Regional Rebalancing Programme proposed by the Liberal Democrats would invest in areas outside London and the South East. The money would go towards infrastructure projects such as:

To ensure that funding is meeting communities needs, we will give local and devolved authorities a meaningful say in how funding is used. And in addition to these national priorities, local authorities will be able to bid for funding to address other local priorities.