Nigel Evans – 2014 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Nigel Evans on 2014-07-15.

To ask the Secretary of State for Transport, what estimate he has made of the net economic effect of High Speed 2 for the North-West.

Mr Robert Goodwill

Investment in HS2 will deliver widespread connectivity improvements, grow markets and increase opportunities to trade.

The Economic Case for HS2 published in October 2013 estimates that 17% of the transport user benefits of the HS2 Y-Network are generated from trips originating in the North West. This equates to benefits of approximately £342m (PV, 2011 prices) in 2036. Further analysis by KPMG suggests the wider economic effects could be far greater.