£250m bid to help businesses thrive

Diana Terris
Diana Terris
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City region chiefs say they are “very confident” the Government will support a request for more powers and £250m to help business grow over the next decade.

The Local Enterprise Partnership has submitted a growth plan outlining proposals to transform the economy and create 70,000 private sector jobs.

Barnsley Council chief executive Diana Terris, who sits on the LEP said: “Our plan asks Government to hand over the powers and funds to enable the Sheffield City Region to make improvements to skills, housing, transport and to create more and better jobs for the 1.8m residents.

“The LEP is very confident that Government will recognise this as an opportunity to realise the economic potential of the Sheffield City Region and enable us to contribute much more to the strength and resilience of the UK economy.”

The LEP has asked the Government for:

£155 million over the next six years to fund infrastructure and transport projects, in addition to the £62m devolved major transport scheme funding already secured for that period

£38 million over the next six years for a skills programme to enable businesses to access training, making it easier to take on apprentices and graduates and upskill their workforce

£25 million over the next two years to fund better further education and training, including upgrades to facilities and creating academies, including a glass academy, a nuclear elite college and a rail engineering academy

£21 million for 2015/16 to fund a Growth Hub which will offer intensive business support covering start-ups, business finance, export advice, innovation and attracting inward investment

£500,000 for 2015/16 for a HS2 connectivity package to ensure the benefits are maximised across the region

£11 million per year up to 2021 from the Local Sustainable Transport Fund

The LEP’s plan will now be considered by minister, a response is expected mid-June.