To ask the President of the Board of Trade when he expects to make an announcement of successful regional challenge projects, and if he will make a statement. [5468]
I am today announcing the successful regional challenge projects in England which will receive grant totalling £140 million towards projects costing almost £800 million.Regional challenge is designed to enhance local partnerships, stimulate innovative local development and maximise the contribution of the private sector. The projects announced today will bring a new dynamism and efficiency to local economies across England. Local firms will play a major role in projects ranging from industrial and transport infrastructure, tourism, research and development and environmental improvement to training and job creation.I am particularly encouraged by the wide range of local bodies that have been involved in the development of regional challenge projects. The competition has encouraged the far greater involvement of the private sector. This involvement is clearly reflected in its contributions to projects which account for almost half the total costs of the winning projects, and have added considerably to quality and value for money. The value of the dialogue between the public and private sectors about what is needed in local communities is shown by the type of projects that have been put forward.Regional challenge projects are typically larger in scale, more comprehensive in their effect, and better address the specific needs of local communities. This culture of co-operation will benefit not only today's winners. I hope that, as with previous competitions, many of the partnerships brought together by regional challenge will go ahead with part or all of their projects, even though they are not winners, thus spreading the benefits of the challenge even wider.A list of winning projects is set out: