MP Steve Barclay slams Government for giving Cambridgeshire raw deal over funding
- Credit: Archant
An MP says Cambridgeshire is getting a raw deal over Government funding.
North East Cambs MP Steve Barclay, speaking in the House of Commons, says it is unfair that the Greater Cambridge Greater Peterborough Local Enterprise Partnership (GCGP LEP), which is responsible for allocating government funding in this area, was not allowed to extend its borrowing facilities.
Mr Barclay said: “The GCGP LEP has allocated all its central funds to schemes, as the government wants, but has been refused a loan extension to allow it to support more schemes.
“In contrast the New Anglia LEP next door has not allocated all its central funds, but has been given added lending.
“Why has the government granted more money to the LEPs who have not allocated all the money they already have, whilst penalising success by denying money to those able to get schemes moving and delivering growth?”
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“The government wanted to see LEPs spend all their allocated money on schemes to help promote growth.
“So it seems wrong to then not support those that have followed that guideline by not allowing them to increase their borrowing facility.”
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