Flint Bishop

Chamber hears the business case for HS2

Pictured above: Lord Adonis makes a point to Chamber members

 

The chief executive of a leading business organisation in Coventry and Warwickshire said firms had a 'stronger idea' about the business case for HS2 after meeting the former minister who first announced the plan.

Representatives from the Coventry and Warwickshire Chamber of Commerce and around 40 local companies travelled to London to meet Lord Adonis, who was the Secretary of State for Transport when plans for the new High Speed rail system were announced.

A survey conducted by the Chamber before the visit said around 50 per cent of companies were still unsure of the economic benefits it would bring.

Louise Bennett, Chief Executive of the Chamber, said Lord Adonis had given Chamber members the strongest business case yet for HS2 but said there were still concerns about the proposals.

She said: "We have met several key figures who have tried to put the case for HS2 but have struggled to get the message over to business.

"Lord Adonis gave a very clear and definite message that this was the right proposal for the economy and was the right way forward for the UK.

"Businesses still have concerns but at least the case from Lord Adonis means firms can start to formulate a more informed opinion on whether they are for or against."

Part of Lord Adonis's case said that upgrading the current system would cost more money than HS2 but would offer only an increase in capacity by two-thirds of that which HS2 will provide.

He said connectivity would also be improved - not only to London but to the East Midlands, the north and Scotland. 

He said: "The coalition Government has maintained its support for the High Speed line which, I believe, says a great deal. In many cases, political parties magnify the differences and that can mean ripping up all the work done by their predecessors and starting again.

"That hasn't happened in this case, which is rather telling. I have looked through the survey by the Coventry and Warwickshire Chamber and I don't think I have to make a case for rail itself.

"The fundamental case for HS2 is not about speed, it's about capacity. The case for speed begins to grow when you go further north and into Scotland.

"But in terms of capacity, we are now at record numbers of rail users and capacity on the West Coast mainline will be exhausted south of Birmingham by the 2020s.

"HS2 gives us the chance to take this once-in-a-generation opportunity to treble capacity on the West Coast mainline.

"If we simply upgrade the conventional line, we will spend more in cash terms and only get two-thirds of the capacity."

The meeting with Lord Adonis was part of a lobbying effort from the Chamber and the London visit also included meetings with David Frost, the director general of the British Chambers of Commerce, and four of the six Warwickshire MPs.

 

Bookmark and Share

Article published by Midlands Business News on 27 May, 2011

Submit your company news and photographs to Midlands Business News via email news@midlandsbusinessnews.co.uk or submit news and events online here.

midlandsbusinessnews.co.uk is an online Midlands business news network and we welcome submissions of your company or business related news articles and event notifications.

 

 

Articles submitted by Coventry and Warwickshire Chamber of Commerce:



  • Coventry driving instructor branches out to help protect firms - click to read
  • Chamber vows to break business barriers in Rugby - click to read
  • Lord Heseltine urges Coventry businesspeople to vote yes to mayor - click to read
  • Business confidence returning in Coventry and Warwickshire - click to read
  • Ruby Wax speaks to Coventry and Warkwickshire business people - click to read
  • MPs put politics to one side to talk business - click to read
  • Coventry and Warwickshire Chamber of Commerce response to the budget - click to read
  • Access to finance - click to read
  • Four targets to improve international trade - click to read
  • Strength in numbers for South Warks - click to read
  • Bright start to 2012 for local hotel - click to read
  • Ruby Wax coming to business event in Warwickshire - click to read
  • Businesses urged to find out about Olympic opportunities - click to read
  • Do more for business, chancellor urged - click to read
  • Businesses urged to help shape Warwick District's Local Plan - click to read
  • Alcester business stitches its way to success - click to read
  • Coventry Swots up - click to read
  • Eurozone crisis is not 'killing' confidence in Coventry & Warwickshire - click to read
  • More help for Coventry & Warwickshire firms to trade abroad - click to read
  • Skills & exports key to growth: Coventry & Warwickshire business leaders told - click to read
  • One of Britain's leading business figures to speak at Chamber conference - click to read
  • Coventry artist selected for a prestigious showcase event in London - click to read
  • Tips for business to start growing - click to read
  • Leading tourism figure calls for sector to work together - click to read
  • Know your responsibilities, bosses told - click to read
  • Chamber hears the business case for HS2 - click to read
  • Free advice on international trade - click to read
  • Chamber calls for employment barriers to be removed - click to read
  • Coventry and Warwickshire Chamber supports fledgling HR firm - click to read
  • Coventry construction firm predicts rise in turnover - click to read
  • West Midlands firms should look to Canada - click to read
  • Businesses urged to use Hong Kong as gateway to Asia - click to read
  • Mixed outlook for 2011 - click to read
  • Chamber issues Christmas warning - click to read
  • Make the most of technology - click to read
  • Firms get the lowdown on HS2 plans - click to read
  • Coventry and Warwickshire Chamber launch new web based service - click to read
  • Chamber quarterly economic survey - click to read
  • Leamington cleaning firm secure deal for international company's UK office - click to read
  • Coventry and Warwickshire Chamber comment on interest rates - click to read
  • 24-year-old takes over lease on village pub with help from Coventry and Warwickshire Chamber - click to read
  • Newly-elected MP meets members of Coventry and Warwickshire Chamber - click to read
  • Chamber response to RDA announcement - click to read
  • Chamber welcomes business crime priority - click to read
  • Businesses in Coventry and Warwickshire react to coalition - click to read
  • Midlands businesses vote against hung Parliament - click to read
  • Chamber's annual conference announced - click to read
  • Coventry and Warwickshire Chamber QES results revealed - click to read
  • Coventry and Warwickshire Chamber to hold 'meet the buyer' event - click to read
  • Pope could provide economic boost to Coventry - click to read
  • Business people in Coventry and Warwickshire can hear from big-hitters from the world of politics and industry - click to read
  • Businesses must be given the freedom to lead a sustained recovery - click to read
  • Chamber manifesto launched - click to read
  • Midlands Chamber to hold Business Support and Network open day - click to read
  • Coventry & Warwickshire Chamber of Commerce receives award - click to read
  • Search the site

    News Article
    Search



    Faces behind
    the business

    Nick Beham

    Nick Behan



    PressVine
    The Maynard Hotel
    Incentive & Motivation
    Klick Solutions Media
    Gourmet life

    Need a Service?

    Search our Midlands
    Business Directory