“The HS2 project is a crucial part of creating a modern transport network that helps business boost growth across the UK. We welcome the government’s recommitment to the project today.

“Better rail links are essential for the future prosperity of our regional economies, supporting businesses, jobs and investment. Rail is also crucial to the movement of goods nationwide.

“The construction project itself will bring huge benefits to SMEs through the HS2 supply chain.

“While cost management is essential, HS2 must stay on track for businesses to invest and plan for the future.

“Ministers must also remain laser focused on delivering Northern Powerhouse Rail. The project will provide vital connectivity that can drive forward economic growth across large parts of the north.”