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Construction: Finance

Volume 486: debated on Wednesday 21 January 2009

To ask the Chancellor of the Exchequer what steps he plans to take to ensure that the £3 billion capital spending which is being brought forward results in construction activity; and which projects will receive a portion of such funds. (247821)

The £3 billion of capital spending brought forward aimed to support a number of different industries and jobs around the country, including through construction activities.

For example, the capital spend being brought forward by the Department for Children, School and Families will provide opportunities for small businesses locally and allow schools and children to benefit early from important projects to further improve school buildings. Decisions on how the funds will actually be used will be made at the local level to meet local priorities.

Details on the capital projects to be funded by the £3 billion spending package can be found in the 2008 pre-Budget report, paragraph 6.13.

Departments are currently working to ensure this money is spent in the appropriate manner and the Treasury is monitoring the development of the capital projects included in the £3 billion package.