Sheffield leaders call for £38m to boost economic growth

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Sheffield enterprise chiefs have asked the Government for £38 million to further boost economic growth and create jobs.

Sheffield enterprise chiefs have asked the Government for £38 million to further boost economic growth and create jobs.

The city region’s local enterprise partnership wants the cash to build on Sheffield’s £325m Growth Deal, confirmed earlier this year.

It says the extra money would allow it to progress initiatives quicker and start new ones.

Projects include supporting 2,000 businesses to start exporting overseas, delivering 14 transport schemes, creating an online support service and start building work on a Rail Engineering Academy in Doncaster

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.”

The LEP wrote to Greg Clark MP to put forward its case for additional funding this week.

It says the extra £38m would also accelerate its regional growth fund Programme Fund to support more local businesses with robust plans for growth in 2015.

A number of sustainable transport schemes which include regenerating local areas, creating new cycle and walking links, and improving bus routes would progress.

And five new business units could be built 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.