Sheffield LEP seeks further Â£38m
Sheffield City Region Local Enterprise Partnership (LEP) has written to the government to officially ask for an additional £38m to further boost economic growth and create jobs in the area.
The LEP is looking to secure this additional funding from the Local Growth Fund which handed out £2bn in its first wave of 'Growth Deals' to city regions in July this year.
Sheffield received £325m from the first wave of funding – an amount which will create more than 28,000 jobs and training for 40,000 people. This was the fifth most substantial Growth Deal that any city region made with the government out of the 39 LEP areas across England.
But the LEP said an additional £38m would enable it to progress a range of initiatives more quickly and effectively, as well as adding some additional projects.
In particular it hopes to:
- Extend and accelerate its RGF Programme Fund to support more local businesses with robust plans for growth in 2015
- Start building work on a Rail Engineering Academy in Doncaster
- Support more than 2,000 businesses in the Sheffield City Region to start exporting to overseas markets
- Implement 14 sustainable transport schemes which include regenerating local areas, creating new cycle and walking links, and improving bus routes
- Accelerate work to create an online support service for local business to enable them to get the advice and funding they need to grow
- Build five new business units on the Sheffield City Region Enterprise Zone which will help to meet the growing demands from investors for premises to move into quickly and easily
James Newman, chairman of Sheffield City Region LEP, said: "Earlier this year, our LEP achieved the fifth biggest deal with government of all areas in England. We achieved this because our leaders worked closely together to put forward a very compelling offer.
"However, as I said at the time, this was only the first small step on a journey to take control of our city region's economic destiny.
"Once again, we have put forward an incredibly strong offer to government which will enable our city region to take another step towards creating the 70,000 jobs and 6,000 new businesses that we set out in our vision.
"I hope government will take notice and devolve the funding and powers we need to make these important projects a reality."