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Promoting Economic Opportunities

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Wolverhampton Towns Fund Stuart Anderson

When businesses thrive, so does our economy. I love Wolverhampton. It is a great city, but has been left behind for too many decades. This is now starting to change - with unprecedented levels of investment received to level up opportunities and unleash our fantastic city’s potential. We are improving public services, developing better infrastructure, and backing local businesses. We are also delivering better employment and training opportunities for people of all ages, supporting disabled people, and helping people have a good retirement.

Jobs for Local People

  • The number of employees on payrolls is at a record high, with the lowest rate of unemployment since 1974, New figures show that, for the first time since records began, there are now fewer unemployed people than job vacancies. We also recorded the fastest economic growth in the G7 – GDP figures show that our economy grew by 7.5 per cent in 2021, reaching above pre-pandemic levels.
  • Our Plan for Jobs includes our £2 billion Kickstart Scheme, which has already got around 160,000 young people into work; our £2.9 billion Restart Scheme, helping over 1 million long-term unemployed people find work; and our Lifetime Skills Guarantee, offering 11 million adults a free qualification. We are also getting 500,000 job seekers back into work through our Way to Work campaign.66 61

Levelling up in Wolverhampton

  • In Parliament, I called on the Prime Minister Boris Johnson to make a firm recommitment to reach into some of the most deprived areas and level up the country. The Prime Minister not only accepted my request, but confirmed that Wolverhampton will benefit from around £217 million of the growth deal funding across the Black Country. This aims to create 5,000 jobs and 1,400 new homes. £20 million has also been announced for the City Learning Quarter.
  • The Government has also accepted my request to set up a dual headquarters for the Ministry of Housing, Communities and Local Government and hold part of the Commonwealth Games in our great city. At least 500 MHCLG roles are set to be based across the West Midlands by 2025 – with further increases planned by 2030. The new HQ in Wolverhampton will include the presence of Ministers – making it the first such ministerial office outside of London with a regular ministerial presence. Senior civil servants will be based here, ensuring the city becomes a centre for policy development and decision making. It is part of plans to have at least 800 roles outside of London by 2030 – including 50% of the most senior positions. This will ensure that more local voices are reflected in the creation of government policy.

Regenerating our Economy

  • I serve as a member of the Towns Fund Board, a consortium of elected leaders, local businesses, and key partners which identified priorities for our city and proposed projects to deliver on them. We secured £25 million to fund these projects, with an extra £1 million secured a year before and £15 from the Future High Streets Fund. This will help revitalise local commercial areas and support transformative projects such as the City Learning Quarter, National Brownfield Institute, Wolves at Work, and Grand Theatre expansion. You can find further details about investment we've secured here.
  • The Community Renewal  Fund is an integral part of our plan to level up opportunities as our recovery from COVID-19 gets underway. I am delighted that our region has been provided with more than £5 million to kick-start eight key projects that will improve everyday life people in our community. In our city, the Wolverhampton VCS Partnership has received over £700,000. Funding for the Black Country 50+ partnership, BC Talent Match and Digital inclusion with the Good Things Foundation will benefit our city. It is very welcome news and I will be campaigning for even more funding for our local area from the Shared Prosperity Fund due to launch next year.

Find out more about my work on this issue via the articles below:

News

Stuart Anderson MP Wolverhampton Business Champion

Stuart Anderson MP welcomes further support for small businesses

Monday, 25 July, 2022

Stuart Anderson MP has welcomed an extension of a vital support scheme for small businesses. The Recovery Loan Scheme (RLS), which has supported almost 19,000 British businesses, will continue to offer Government-backed loans to businesses for two more years.

Wolverhampton Towns Fund

Stuart Anderson MP celebrates Black Country Day

Wednesday, 13 July, 2022

Stuart Anderson MP is proud to be celebrating Black Country Day, which is taking place on Thursday, the 14th of July 2022. Since its inception in 2013, Black Country Day has been officially celebrated every year on this date.

Stuart Anderson MP welcomes tax cuts

Stuart Anderson MP welcomes tax cuts and further support for Wolverhampton families

Wednesday, 6 July, 2022

Stuart Anderson MP has welcomed a £6 billion tax cut for 30 million working people across the UK. As of today, the sixth of July 2022, National Insurance starting thresholds have risen from £9,500 to £12,570 – bringing it in line with the equivalent Income Tax personal allowance.

Stuart Anderson MP Cost of Living

Stuart Anderson MP welcomes further support for families with the cost of living

Thursday, 26 May, 2022

Stuart Anderson MP has welcomed further government support for families with the cost of living.

Stuart Anderson MP Arts Champion

Stuart Anderson MP urges local culture organisations to apply for funding

Wednesday, 11 May, 2022

Stuart Anderson MP is encouraging local museums, galleries, libraries, and other cultural organisations across Wolverhampton South West to submit expressions of interest for new funding to level up access to the arts and culture, so that everyone can continue to enjoy England’s world class creati

Stuart Anderson MP Pension Support

Stuart Anderson MP promotes pension support

Thursday, 28 April, 2022

Stuart Anderson MP is encouraging eligible pensioners in his constituency to apply for Pension Credit.

Stuart Anderson MP Economic Recovery

Stuart Anderson MP welcomes plan to cut taxes for Wolverhampton residents

Wednesday, 23 March, 2022

Stuart Anderson MP has welcomed the Chancellor’s Spring Statement, which sets out plans to deliver the single biggest personal tax cut for a quarter of a century. So that people can keep more of what they earn, the basic rate of income tax will be cut for the first time in sixteen years when infl

Stuart Anderson MP backs English Tourism Week

Stuart Anderson MP backs English Tourism Week

Thursday, 17 March, 2022

Stuart Anderson MP is delighted to be supporting English Tourism Week, which highlights the importance of tourism and the benefits for local communities. It runs from the 18th to the 27th of March 2022.

Stuart Anderson MP

Stuart Anderson MP hosts Defence Minister in Wolverhampton

Wednesday, 2 March, 2022

Stuart Anderson MP was delighted to host Minister for Defence People and Veterans Leo Docherty MP in Wolverhampton. The visit, which took place on the 1st of March 2022, saw them meet representatives at the Army Recruitment Centre on Queen Street.

Stuart Anderson MP art gallery

Stuart Anderson MP welcomes extra support for local arts and culture

Thursday, 24 February, 2022

Stuart Anderson MP is delighted that Wolverhampton has been chosen as one of the key locations to be prioritised for new funding in arts and culture. It is part of the biggest shake-up in arts funding for a generation, helping to bring an end to the geographical funding divide.

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Stuart Anderson MP for Wolverhampton South West

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ConservativesPromoted by Stuart Anderson at 35 Chapel Ash, Wolverhampton, WV3 0UF
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