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1020421
registered interest false more like this
date less than 2018-12-05more like thismore than 2018-12-05
answering body
Ministry of Housing, Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name Housing, Communities and Local Government more like this
answering dept sort name Housing, Communities and Local Government more like this
hansard heading Teesside International Airport more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Housing, Communities and Local Government, with reference to the proposal from the Tees Valley Mayor to buy Durham Tees Valley Airport, what the Government's policy is on devolved resources to Combined Authorities being used to bring airports into public ownership; and if he will make a statement. more like this
tabling member constituency Stockton North more like this
tabling member printed
Alex Cunningham remove filter
uin 199386 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-12-10more like thismore than 2018-12-10
answer text <p>In 2015, Tees Valley Combined Authority was awarded the long term Investment Fund of £450 million over 30 years as part of its Devolution Deal and Single Pot funding arrangements. In line with other Devolution Deals agreed, places can allocate and spend Investment Funds on locally appraised projects, providing them with greater control over directing priority investment decisions.</p><p>The Combined Authority has responsibility for how it will invest these funds within the scope of an agreed assurance framework, which sets out how they will appraise, monitor and evaluates schemes to achieve value for money. This is based on Government’s Single Pot Assurance Framework national guidance. To ensure value for money is achieved for the taxpayer, future release of Investment Funds are subject to five yearly Gateway Reviews which include an economic impact assessment carried out by an independent panel.</p> more like this
answering member constituency Rossendale and Darwen remove filter
answering member printed Jake Berry more like this
question first answered
less than 2018-12-10T17:35:17.083Zmore like thismore than 2018-12-10T17:35:17.083Z
answering member
4060
label Biography information for Sir Jake Berry more like this
tabling member
4122
label Biography information for Alex Cunningham more like this