SHEFFIELD is in line for a £572 million windfall - to spark regeneration and jobs.
Thousands of apprenticeships are to be created, and help offered to companies to improve workers’ qualifications, through £72.2m of Government funding.
A further boost of around £500m is being awarded through Sheffield’s City Deal, announced by Deputy Prime Minister Nick Clegg today.
Better bus services, new roads, and extensions to the tram network could all be paid for with the money.
“It’s a very good deal for Sheffield,” the Sheffield Hallam MP said.
“Sheffield is focused on becoming the UK’s City of Skills to provide a further boost to the local economy.”
The £500m windfall involves creation of a Sheffield Investment Fund, providing cash for infrastructure projects.
Sheffield’s City Deal is one of several agreements being made between the Government and the UK’s major cities to provide huge extra investment and devolve more powers to councils.