Projects set to transform region

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Thirteen ‘big’ ideas have been submitted to a scheme which aims to launch transformational industry projects.

The expressions of interest have been put forward to the ‘Big Ideas Project’, an initiative being led by the region’s four Chambers of Commerce which is expected to act as a catalyst to generate significant growth opportunities for South Yorkshire and the North Midlands.

Projects, typically above £10m and up to £75m, will be put forward to an evaluation board featuring local and national business leaders, with the best suggestions going forward to a group of investment fund managers.

The evaluation board includes University of Sheffield Vice Chancellor Sir Keith Burnett, managing director of Future Life Wealth Management, Jill Thomas, and David Thurkettle, a PwC director and president of Sheffield Chamber of Commerce.

Jill Thomas said: “This is great news – we were always confident there were plenty of ideas out there. The next step is to help get them into a form that can go in front of funders. Our aim is for three or four projects to emerge.”