High Peak will benefit from investment in transport, business and technology, as the Chancellor set out his plan to reward the hard work of the British People. 

This year’s Budget provides a comprehensive plan to support the heath service, our high streets, and ensure working people have more money in their pocket. 

Monday’s announcements include:

• Providing up to £37 million to support the development of Northern Powerhouse Rail to create faster, more frequent services. This builds on £300 million already committed to ensure HS2 infrastructure can accommodate future potential Northern Powerhouse Rail and Midlands Engine Rail services.
• Investing £69.5 million for the Greater Manchester Combined Authority though the transforming cities fund. This money will improve inter-city transport links – benefitting passengers, commuters and motorists in the High Peak. Derby has also been shortlisted for a share of the £440m increase to the competitive allocation of the Transforming Cities Fund.
• Funding a new £3 million pilot to help employers in the area address local digital skills gaps through short, flexible training courses. This will support the development of the National Retraining Scheme.
• Match funding £7 million with employers in nearby Greater Manchester to provide on-the-job training to young people. This will be for young people not currently in employment, education or training, helping them to move into sustainable career paths
• Investing an additional £13 million across the country to improve access to flood information, helping to reduce damage to homes and lives. This includes an expansion to the flood warning system, protecting around 2,800 at-risk properties across the region.
• Publishing a refreshed Northern Powerhouse Strategy next year to address barriers to productivity. This will build on the success of the existing strategy.

Commenting, Robert Largan said:

‘The Chancellor has set out how the hard work of the British people is paying off, our careful fiscal management and solid economic recovery means that austerity is coming to an end. 

‘We have seen a significant upgrade to our public finances, underscoring the strength of the economic recover.

‘Now we turn our eyes to the future, meaning more support for our great public services, help for household budgets now, and investment for the long-term to deliver higher living standards as our economy grows.’