Peter Aldous questions the Minister for Brexit Opportunities about efforts to promote growth and innovation in coastal areas and the proposed replacement for assisted area status which has benefited Lowestoft in the past.
Innovation, Growth and Regulatory Reform
Peter Aldous (Waveney) (Con)
16. What steps his Department is taking to promote growth and innovation following the UK’s departure from the EU. (906432)
The Minister for Brexit Opportunities and Government Efficiency (Mr Jacob Rees-Mogg)
We will bring forward a Brexit freedoms Bill to end the special status of retained EU law. It will accompany a major drive to reform, repeal and replace retained EU law, thereby cutting at least £1 billion-worth of red tape for UK businesses. The Government’s “The Benefits of Brexit” paper reinforced Departments’ commitments in response to TIGRR, and Departments are pushing ahead in delivering the recommendations in its report.
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Peter Aldous
Coastal areas have their own unique set of challenges and opportunities. I would be grateful if my right hon. Friend outlined the Government’s cross-departmental strategy to promote growth and innovation in areas such as Waveney. In particular, will he set out the Government’s proposed replacement for assisted area status, from which Lowestoft benefited?
Mr Rees-Mogg
My hon. Friend is a particular champion for coastal communities—especially for Waveney—and has been since we entered Parliament together in 2010. East Suffolk Council is working with local businesses and the community on its £24.9 million town deal for Lowestoft. We are no longer bound by burdensome EU state aid rules, so assisted area status will be replaced by new a subsidy control regime. The Subsidy Control Bill, which was introduced to Parliament in June 2021, provides the framework for the new UK-wide regime. It is back under our control and, under the Subsidy Control Bill, we will have a new system. Through the new regime, public authorities throughout the United Kingdom will be able to award bespoke subsidies that are tailored to local needs.