Local leaders respond to the Budget

Published 16th March 2016 at 6:00pm

Local leaders from the public and private sector in Sheffield City Region have responded to the Chancellor’s Budget announcement.

Cllr Sir Steve Houghton CBE, Chair of the Sheffield City Region Combined Authority (pictured right above) said:

“The future of the Northern Powerhouse lies not only in tarmac and rails, but in its people. The heart of the North has significant potential in technological innovation that can be unleashed even further. Experience proves that training, apprenticeships and the integration of university research with modern industrial expertise, powered by economic incentives, build communities.

“We welcome today’s news on the bolstering of transport links between the Northern Powerhouse city regions and support for the small businesses which power the Northern Powerhouse. We see this as an excellent opportunity for the North. We urge the government to help bring international business to the city region, championing the education, industry and enterprise we have here. Today, tomorrow, and in the coming months and years, we need real focus on the potential of the Northern Powerhouse to flourish, and ensure that today’s Budget promises secure a thriving economy in the heart of Britain.”

Sir Nigel Knowles, Chairman of the Sheffield City Region LEP and Global Co-Chairman of DLA Piper (pictured left above) said:

“This was a Northern Powerhouse Budget with the Sheffield City Region at its heart. Devolution of powers and resources to the Sheffield City Region, the £75m allocated towards developing a new road tunnel between Manchester and the Sheffield City Region, the additional resources for healthcare in Sheffield and a share of the £2.86bn for previously agreed Mayoral Devolution Deals all mark out the importance of the Sheffield City Region to the UK economy. The region’s true strength lies in the very heart of the North where advanced manufacturing is burgeoning and where over 12 higher education centres of excellence provide world-class research within a 40-mile radius.

“Science and technology are flourishing in Sheffield City Region. Today’s announcement on the Science and Innovation Audit, combined with the huge international investments within the emerging Advanced Manufacturing Innovation District is testament to our status internationally. The key now will be for UK and international business to appreciate what is on offer here.”

Budget 2016 – implications for the Sheffield City Region

  • £2.86bn of funding over the next five years announced for all areas that have agreed Mayoral Devolution Deals. The Sheffield City Region share of this to be announced soon. This funding will be unringfenced and available for city regions to spend on local economic priorities.
  • The Government also announced £75m of funding for the development of a business case for a Trans-Pennine tunnel between Sheffield City Region and Manchester.
  • The Budget also committed to a new round of Local Growth Fund totalling £1.8bn for Local Enterprise Partnership areas to bid into.
  • Sheffield City Region was announced as one of the new Science and Innovation Audit areas – a process by which we will collectively map our world-class strengths in science and innovation.
  • £30m for a 21st Century Nuclear Manufacturing Programme competition – supporting Sheffield City Region’s Nuclear Advanced Manufacturing Research Centre.

 

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