A cash injection of £14 million for Sheffield’s Olympic Legacy Park is expected to be announced in the Budget today.
The one-off funding would be used to build an Advanced Wellbeing Research Centre on the site of the former Don Valley Stadium in Attercliffe – creating 120 jobs and running 270 projects to increase physical activity.
The research centre forms part of major plans for the park, to also include a school, university technical college, sports courts and a hotel.
Its funding was set to be confirmed as part of the Chancellor George Osborne’s Budget this afternoon.
Former sports minister and Labour MP for Sheffield Central Richard Caborn, park chairman, has lobbied for funding and Deputy Prime Minister Nick Clegg, Liberal Democrat MP for Sheffield Hallam, worked with him to secure it.
Mr Caborn said: “Countries around the world will now be looking to Sheffield as the leading light when it comes to the development of health and wellbeing technology.
“The investment Mr Clegg has helped to deliver from the Coalition Government will improve the health and wellbeing of thousands of people across the city, as well as delivering game-changing innovations and technology developments that will benefit even more people in the future.”
The centre will aim to lead physical activity projects for 83,000 local people.
Mr Clegg said keeping people active had a ‘tremendous effect’ on mental health, reducing the effects of dementia and depression.
He said: “This £14m Government investment will create hundreds of jobs and help deliver a world-leading research centre at the heart of Sheffield, helping to benefit the health and wellbeing of more than 80,000 people.
“We will transform the area into an Olympic Legacy Park the city can be proud of.”
The centre will involve both the public and private sector and aims to save £16.7m from hospital admission costs.