Bishop of Durham asks about investment in the north-east of England

During a debate on Levelling Up on 23rd January 2023, the Bishop of Durham asked whether how much of the investment promised to the north-east of England will be new funds:

The Lord Bishop of Durham: My Lords, I welcome the new devolution deal that has been done for the north-east and look forward to the appointment of an elected mayor for the region. If this devolution deal goes ahead, which I trust it will, can His Majesty’s Government clarify what proportion of the estimated £4.2 billion of investment into the region will be truly new money that the local new mayor can allocate out?

Lord Lexden (Con): I thank the right reverend Prelate for that question and I will have to give him a written answer: I do not have that information on the north-east devolution deal.


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