My hon. Friend makes an excellent point. Indeed, it is hard to think of two UK cities that are as close as Coventry and Leicester yet so atrociously connected by rail. It can take up to an hour to travel less than 25 miles, and passengers have to change trains halfway. It is simply not good enough.
No wonder 97% of trips on the route are made by road, compared with 30% of trips between Coventry and Birmingham, which enjoys a regular, fast and direct rail connection. Let me reiterate the point: only 3% of trips between two great midlands cities, Leicester and Coventry, are made by train. Surely, given all the Government’s words, pledges and legislation on carbon and climate change, this project is a no-brainer. It is good for the environment and it is good for passengers.
I believe that by reintroducing faster, direct connections, we can encourage more people to travel sustainably, strengthen working relationships and increase productivity. We must now move ahead to create detailed plans for delivery, but that is possible only with the support of the Government. I should therefore be grateful if the Minister could tell me whether the next business case, the outline business case, will be funded, even in part, by the Department. Can she, this evening, give me that assurance? Let me stress that the outline business case would cost about £1 million. That, in the realm of rail projects, is a modest amount with which to explore the possibility of this regionally critical project. May I press the Minister to comment on the funding, as a real priority, in her response?
Subject to funding, with costs likely to be in the region of £90 million to £100 million, the first direct trains could run as soon as 2025, bringing benefits of over £170 million to the local economy. About half that £170 million will consist of wider economic benefits, which means that nearly £80 million-worth of jobs, growth and trade will be created as businesses in Leicester trade with firms in Coventry and people move and spend in those two great places. The other half of the £170 million will cover journey time improvements as people can finally travel between our cities more quickly and easily. Fixing our links will therefore have a massive overall economic benefit.
The project also has widespread public support. When more than 3,000 people in and around Coventry, Leicester and Nottingham were polled recently, 87% supported these improvements. Journey times along the route will be cut significantly, with trips from Coventry to Leicester falling from 54 minutes to 38, while those from Coventry to Nottingham will come down to 70 minutes from 108. Loughborough and East Midlands Parkway will also have direct and more frequent links to Coventry.