Businesses’ cash bid

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BUSINESS bosses in South Yorkshire are bidding for £25 million from the Government to help ‘stimulate economic growth and create jobs’.

Sheffield City Region Local Enterprise Partnership has applied to round four of the Government’s Regional Growth Fund - and says the money would ‘unlock’ £105 million of business investment and create at least 1,800 new private sector jobs by March 2016.

LEP board member Chris Scholey said: “If successful, LEP will focus its funding on supporting growing businesses in the modern manufacturing and technology sectors in the Sheffield City Region.”

James Newman, the partnership’s chairman, added: “This programme is absolutely central to the LEP’s vision – to rebalance the Sheffield City Region’s economy and create the conditions in which businesses can grow.”