At a glance: What was in Rachel Reeves's speech?

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PA Media Rachel Reeves speaks to the audiencePA Media

Rachel Reeves has set out a series of major announcements on infrastructure projects, including backing plans for a third runway at Heathrow Airport.

She promised to go "further and faster" than previous governments after years of sluggish growth in the UK.

So what did she announce?

Heathrow expansion

Reeves confirmed the government is officially backing plans to build a third runway at Heathrow Airport, arguing it could create 100,000 jobs.

The plans received parliamentary approval in June 2018, but have been stuck in limbo after legal challenges ever since.

She invited Heathrow to submit plans to expand the airport, but promised the government would only sign them off if "in line with legal environmental and climate objectives".

The government has already backed the expansion of City Airport and Stanstead Airport around London.

A decision to expand Luton Airport and build an emergency runway at Gatwick Airport will be delivered soon, she promised.

The government will work with Doncaster Council and the Mayor of South Yorkshire to revive the closed airport, aiming to turn it into a thriving regional hub.

There will also be a new partnership between Prologis and Manchester Airport Group will build a new advanced manufacturing and logistics park, unlocking £1bn of investment and 2,000 jobs.

'Silicon Valley'

Reeves vowed to build "Europe's Silicon Valley" between Oxford and Cambridge, unveiling policies to boost the region's growth and add £78bn to the UK economy in the next 10 years.

Funding has been confirmed for transport projects, including the East West Rail, and an upgrade on the A428 between Milton Keynes and Cambridge.

The University of Cambridge will open an innovation hub in the city centre, which will be built alongside 4,500 new homes, and schools after the Environment Agency dropped its opposition.

A new Cambridge Cancer Research Hospital will also be prioritised.

Lord Patrick Vallance, the ex-chief scientific adviser advisor to the government and now a Labour minister, will be in charge of overseeing the project.

New reservoirs

The government will let water companies unlock £7.9bn in investment to build nine new reservoirs, including a new Fens Reservoir to serve Cambridge.

There will also be a new Abingdon Reservoir near Oxford.

Changing infrastructure rules

Government guidance on building major projects will be reviewed in order to support investments outside of the wealthy and productive south-east of England, Reeves said.

"This means that investment in all regions is given a fair hearing by the Treasury that I lead," she said.

This will work alongside other major changes set out in the government's upcoming Planning and Infrastructure Bill.

Redevelopment of Old Trafford

One of the projects to benefit is plans to redevelop Manchester United's Old Trafford football stadium.

Manchester United are set to make a decision by the end of the season on whether to redevelop the existing stadium into an 87,000-capacity venue or build a brand-new 100,000-capacity ground.

The Old Trafford scheme will use public money to move three rail freight terminals blocking the redevelopment.

Mayor of Greater Manchester Andy Burnham has promised the scheme will build 5,000 homes and create a second "major football campus" in the city.

Trade trips

Reeves announced the government will be hosting a range of trade trips.

Business Secretary Jonathan Reynolds is going to India next month for trade talk while the UK resets "the relationship" with the EU.

Building on "our special relationship with the United States under President Trump" is in the national interest, Reeves said.

National Wealth Fund investments

The government will invest in two green energy projects through the National Wealth Fund set up under Labour.

Reeves said £65m will be given to electric vehicle charging company Connected Curb project to extend their network.

Meanwhile £28m equity will be invested in Cornish Metals, which provide the raw material for solar panels, wind turbines and electric vehicles.

Lower Thames Crossing

Reeves mentioned the new Lower Thames Crossing, the UK's largest road tunnel, which will link Tilbury in Essex and Gravesend in Kent.

The £9bn tunnel under the Thames river will be one of the most expensive infrastructure projects in British history. The government is exploring how to finance it privately.

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