"ow benefits, too. we are now investing 2.6% of on investing 2.6% of gdp on average over the next five eeereae eeer the rest fiee' ' ” compared to eeereae ester the rest fl”??? ' ” compared to 1.9% years fits-"neared 334,986 ptanned the government. by the previous government. delivering an additional £100 75 ofég rowth offgrowth enhancing f spinding spending which 77 capital spending which catalyses private sector in more investment in more housing, better transport links and clean energy. these areteféiit in these are fjififi m 'ust these areteféiit in just months. and we are some encouraging signs seeing some encouraging signs in the economy. imf in the british economy. the imf have upgraded our growth 22—2 tv for 2025,7the 77 for 2025,7the only tv for 2025,7the only g7 outside to see country outside the us to see happen. this gives us the th�*e hen-"e" th�*e "e' trethe ' '7' ' '7' "fl ' 7, growth “" “32:2" t�*“ 2? ,’“"s’ ' 77, ' 'f' "fl ' ,, growth of 7 ”" “32:2" t�*“ 3? 3“? , e. , ,., w. , ,, growth of any “" “32:2" t�*“ 2? ,’“"s’ ' 77, ' 'f' "fl ' ,, growth of any major economy 6 economy this year. and european economy this year. and a global survey of ceos by pwc

european economy this year. and a g| shown rvey of ceos by pwc european economy this year. and a g| shown that of ceos by pwc european economy this year. and a g| shown that britain; by pwc european economy this year. and a g| shown that britain is y pwc european economy this year. and a g| shown that britain is now c has shown that britain is now the second most attractive the secend meet ettreetive in for country in the world for businesses looking to first 7 7 7 first time 7 7 first time that 7 7 first time that the 7 first time that the uk ' first time that the uk has the first time that the uk has beenin the first time that the uk has been in that position for 28 years. this is all welcome but there are m we ut there are m we can tere are m we can and are m we can and an will m we can and an will do. ~re we can and an will do. ie not 7 not with the am not satisfied with the that are in. while position that we are in. while we have huge amounts of z; the structuzral potential, the structural problems our economy run ;—** $77 and the low -rowth and the low growth the deep, and the low growth of the last years cannotjust be last 14 years cannotjust be turned around overnight. this has to be �*focus �*the at pariiament. duration of the parliament. because the situation demands duration of the parliament. beca do the situation demands duration of the parliament. beca do more. uation demands duration of the parliament. beca do more. and in demands duration of the parliament. beca do more. and today |ands duration of the parliament. beca do more. and today i inds duration of the parliament. beca do more. and today i will economic growth. mission to -row mission to nrow the about raising living is about raising living standards in every single part

of the home to the uk's manchester is home to the uk's fastest tech sector. fastest growing tech sector. one of the largest leeds is one of the largest financial services centres outside of london. these are eeteiee ef teheeh; theee'ererr ~ ,., , ~ ~ , , northern have so 77 potential potentialahdi " 77 potential and promise, much potential and promise, , j a much potential and promise, 7 i: a brilliant much potential and promise, 7 77 a brilliant metro whichjre a brilliant metro andy burnham and are a re ha rd —e like our other are doinn metro mayors are doing to deliver new opportunities in their areas. and there is so much more of that government can do to our city to achieve regions. to achieve this requires greater on areas — infrastructure and k7ey7areas — infrastructure and ,, if we k7ey7areas — infrastructure and w if we can improve k7ey7areas — infrastructure and w if we car towns ve k7ey7areas — infrastructure and w if we car towns and connectivity between towns and cities across the of cities across the north of we can unlock :[-= £7— easier for nneole to live, and work across the travel and work across the area. at budget, iset

travel and work across the area. at budget, i set out the transpennine funding for the transpennine upgrade, a reute upgrade, a multim�*aittisn programme �*improvements will connect towns and that will cannect tawna and from manchester to york, cities from manchester to york, via leeds and via stalybridge, leeds and huddersfield. are delivering headersfieta. title are gatherings , be schemes headersfieta. we are gatherings , be schemes to improve will be schemes to improve journeys for peoples the jaurneys far peaptes'atrass the including upgrades at north, including upgrades at bradford forster square and by to line. we 7 committed bolton line. we are committed to the delivery �*a ta supperting the aetivery af a �* mass transom in new mass transport system in west yorkshire. and in spring we will publish the spending review and a ten year infrastructure strategy, which will set out further detail of will set eut further aetaitefe” w . w ”w . 7. plans will. set eut further aetaitefe” w . w ”w . 7. plans �* infrastructure our plans for infrastructure across the uk. investment right across the uk. �* transport infrastructure new'tra ns part i nfrastra' ata' re also act a for ear! else set as a eatatyst fer' " " ” ' �* housing. we ear! else set as a eatatyst fer' " " ” w �* housing. we have already new housing.7\7aie have already the benefits that seen the benefits that untapped land enteehihg entaaaee era area-“ta can deliver places

stockport, like stockport, where joint work, spearheaded by andy with §§§§ffi§§§§§ 5? 33.353? council leaders, ish’s— cour housing rs, ish’s— cour housing and commercial o n nortunities. wider commercial opportunities. we introduce a new wider commercial opportunities. we ii to duce a new wider commercial opportunities. we ii to planning aw wider commercial opportunities. we irto planning decisions around stations, changing the default answer to yes. are working with the governments to ensure benefits be the benefits of growth can be felt wales and felt across scotland, wales and northern ireland, by northern ireland, including by partnering with them on partnering with them an the strategy to partnering with them eh the strategy to support industrial strategy to support their considerable sectoral e and in strengths. and in december, i met with metro from met with metro mayors from across england. they told me more opportunities for that more opportunities for are if their investment are vital if their local economies are growth investment are vital if their lo the conomies are growth investment are vital if their lo the years nies are growth investment are vital if their lo the years ahead e growth investment are vital if their lo the years ahead —— growth in the years ahead —— grow in years ahead. are thgzvears ahead. we are closely to them. as a listening closely to them. as a metro mavnr steve metro mayor of liverpool steve rotherham called for, we estherharh has settee fer; we " ' review the green book and will review the green book and how it being used to provide

how it is being used to provide objective, advice objective, transparent advice public investment across the on public investment across the country, including outside and the 7 " frandthe 77 this london and the south—east. this means that in all means that investment in all regions is a fair regions is given a fair hearing by the a; the treasars’that ! teaarfi office for a; the treasers’that ! teaerfi office for investment is the office for investment is going to be working hand—in—hand with it to develop a commercially areas to develop a cemmerciatty pipeline of attraetise'pipetine'et' opportunities �* a investment opportunities for a global audience, starting with the liverpool city and the north—east combined authority, led by ken maginnis. the national wealth is strategic establishing strategice e— ww 7 provide deeper, partnerships to provide deeper, focused support for city starting 7 starting glasgow, regions, starting in glasgow, west yorkshire, the west midlands, and greater manchester. supporting manchester. we are supporting key investment opportunities across the uk. the government is also backing andy burnham's —ee for the 7 for the redevelopment of plans for the redevelopment of old which promises to

old trafford, which promises to create new housing and commercial around commercial developments around a new drive and growth in the regeneration and growth in the we are moving forward area. we are moving forward with the wrexham and flintshire zone, focusing on investment zone, focusing on the strengths and the shale etcensti’ie aha manufacturing, the shale etfenati’ie aha manufacturing, backed advanced manufacturing, backed by major businesses like airbus jcb. to average £1 billion and jcb. to average £1 billion of private investment in the next ten years, up to next ten years, creating up to 6000 jobs. the last government by as doncaster— top“ closed 7 top“ closed by owner ( owner. despite the w ' '7 " ”qatar; 77 7 77 i ”77supp7ortfor w 7 7 " ”74555;th it 7 supportfor it to gyzegwhelming support for it to open. it now sits idle, the to 7 the to drive n rowth across the jobs and growth across the north. so can announce today north. so i can announce today that we will work with doncaster council and ell of south yorkshire, all of a copout, to support is: to recreate south efforts to recreate south yorkshire airport is a

renional regional airport. and thriving regional airport. and finally i am pleased to a partnership and the manchester timbuktu and the manchester group —— between airport group —— between prologis. prologis and m ag work together to a manufacturing 7 manufacturing and new advanced manufacturing and logistics park at east 7 unlocking up to airport port. unlocking up to £1 billion of investment and 2000 at site. a major 2000 jobs at the site. a major investment from a global into our business into our country. representing huge of representing a huge vote of in the confidence in the east midlands and in the uk. this isjust the —e of our work to get more start of our work to get more investment into every nation renion region of britain. next, z “— to set out further detail plans for the area we are for plans for the area we are in today. 0xford cambridge in today. oxford and cambridge huge potentialfor our

offer huge potential for our nation's growth prospects. only offer huge potential for our na' milesjrowth prospects. only offer huge potential for our na' miles apart, prospects. only offer huge potential for our na' miles apart, these acts. only offer huge potential for our na' miles apart, these cities inly 66 miles apart, these cities are home to two of the best universities in the and universities in the world, and the area is hub globally the area is a hub for globally renowned science and technology firms. this area has the to be europe's potential to be europe's silicon to make that a silicon valley. to make that a reality, we a systematic to businesses approach to attract businesses to come and to grow here. iii!!— hours to travel between half hours to travel between oxford and cambridge by train. there is no way to commute —= rail7from places directly by rail from places and cambridge, there is a lack has; 7 7 7 7 has; 7 an” of affordable housing right region. in other across the region. in other the demand is there, but words, the demand is there, but there are �*too constraints on supply—side constraints on growth here. we are economic growth here. we are going that. the ark was

going to fix that. the ark was initially launched in 2003, �* 20 but the over 20 years ago, but the project was then dropped by the project’wasthen' dropped by the government project’wasthen' dropp