HS2 in Hansard 14/0/2014

High Speed 2 Railway Line

Sir Bob Russell: To ask the Secretary of State for
Transport what recent assessment he has made of
extending the potential economic benefits of extending
High Speed 2 to Colchester. [204240]
Mr Goodwill: HS2 will help to promote economic
growth and drive regional regeneration by bringing our
major cities closer together, supporting job creation
across the country and deliver around £2 of benefits for
every £1 spent.
The Department has not assessed the potential economic
benefits of extending HS2 to Colchester.
Only last Monday (7 July) Government announced
the first instalment of plans to invest at least £12 billion
in local economies across England in a series of Growth
Deals, between 2015-16 and 2020-21.
As part of their Growth Deal the South East Local
Enterprise Partnership (which includes Essex as well as
Thurrock, Southend, Kent, Medway and East Sussex)
has secured some £442 million to support economic
growth in the area-with £64 million of new funding
confirmed for 2015-16.
As part of this allocation there is £2 million for a
programmeof sustainable transport measures in Colchester,
alongside a further £10 million for integrated transport
packages in the town centre. This is on top of a provisional
allocation in the region of £3 million towards transport
improvements in the A133 Colchester to Clacton corridor.