LTB unveils major projects shortlist
The Local Transport Body (LTB) has published a list of major projects which will have the biggest impact on jobs and economic growth in the Sheffield City Region over the next decade.
The development schemes on the list have been rigorously assessed on their likely impact on economic growth and jobs for the area.
The list will be submitted to Government’s Department for Transport later this month, and it will help the LTB to decide how best to invest local transport and infrastructure funds over the next ten years.
This news comes a year after the Sheffield City Region’s made its ‘City Deal’ with Government. Through this deal, Sheffield City Region became one of only four places in the UK to secure a ten year allocation of funding for transport and infrastructure projects.
The analysis shows that, if the LTB were able to invest in all 19 schemes, the combined projects could boost the economy by between 5 and 7 billion pounds.
The LTB will be further analysing the projects on the list to ensure that the impact of investment decisions are spread across the Sheffield City Region, which covers Barnsley, Bassetlaw, Bolsover, Chesterfield, Derbyshire Dales, Doncaster, North East Derbyshire, Rotherham and Sheffield.
Leaders will also assess how projects perform in terms of creating jobs that can be accessed by people in deprived areas before making any decisions on where to invest.
Barnsley Leader and LTB Chair, Councillor Sir Stephen Houghton CBE, said:
“Through this process, the LTB has compared the largest transport and infrastructure projects across the City Region and ranked their impact on economic growth and jobs.
“This analysis shows the huge scale of opportunity to boost economic growth in the Sheffield City Region. Investing in these 19 schemes has the potential to increase the City Region’s economic output by over 20 per cent and create almost 4,500 sustainable new jobs.
“This massive return on investment reveals the incredible untapped potential in the Sheffield City Region.”
James Newman, Local Enterprise Partnership (LEP) Chairman and LTB Board member, said:
“Local leaders are working together to make sure that we make the most effective investment decisions for the Sheffield City Region.
“The Government recognises that local decisions are better made by local leaders – who have a better idea about what is needed to stimulate economic growth and create sustainable jobs.”
The list was published on Thursday 18 July on the Sheffield City Region website. The full list can be found on page 7 of the document below: