£8.5m Rolls Royce cashpot questioned by Sherwood MP Mark Spencer

Rolls Royce entrance, Watnall Road, Hucknall.
Rolls Royce entrance, Watnall Road, Hucknall.

Hucknall MP Mark Spencer has hit out at the granting of £8.5m in funding to help kickstart a scheme that will transform a Rolls-Royce site.

It has been announced that a six-year, £60m investment in new roads, training and housing developments will boost Nottinghamshire’s economy.

The money has been awarded by the Government under the Local Growth Deal following a successful bid by the Local Enterprise Partnership - D2N2 - a group of local authorities and businesses in Nottinghamshire, Nottingham, Derbyshire and Derby working together to drive business growth.

The deal says that a provisional allocation to projects starting in 2016/17 and beyond includes a £5.8m contribution to the Rolls-Royce scheme to transform its site into a mixed-use employment and housing development with associated community, educational, health facilities and green space.

Although Mr Spencer says he broadly welcomes funding that helps encourgae job creation, he doubts whether funding is going to the right scheme.

He said: “I’m a champion of localism and the county council has set its priorities.

“But if that cash was a cheque given to me, I would not spend it on that.

“I’m not sure that the people of Hucknall see it as a priority either.”

Labour Party Parliamentary candidate, Leonie Mathers welcomed the news.

“This is great news,” said Ms Mathers. “Councillors at Ashfield District and Nottinghamshire County councils worked hard on this bid.”

Rolls-Royce were unable to provide a comment before Dispatch went to press.