SHEFFIELD’S City Deal which will bring in £72 million to fund new traineeships and boost qualifications plus a £500 million pot for local infrastructure projects has been formally agreed with the Government.
Sheffield Council leader Julie Dore, chief executive John Mothersole and James Newman, chairman of the city region Local Enterprise Partnership representing businesses travelled to 10 Downing Street to sign the deal.
Mr Newman said: “The city deal signing marks an unprecedented shift in powers and some funding away from Whitehall to our City Region. This will further allow the LEP to drive forward real economic growth and create jobs for the Sheffield City Region.
“It will give businesses unprecedented control over the way in which our skills system works, so that we can make sure we have a highly skilled workforce which corresponds with business needs.
“Our transport deal will ensure that our workforce can travel faster, smarter and more efficiently. This deal is essential to achieving our growth potential.”
Sheffield City Deal aims to create 4,000 apprenticeships and provide training for 2,000 workers to learn new skills.
Investment in creating new traineeships and boosting qualifications will take place over the next three years, paid for with £44.4m of local council and private investment, and £27.8m of Government funding.
At least £500 million of infrastructure, funding for projects such as transport schemes, could be available.