LEP Chair responds to Chancellor’s Budget
Sheffield City Region LEP Chair, Sir Nigel Knowles has responded to the Chancellor’s Budget. He said:
“The Chancellor’s revised forecasts for UK growth and productivity further underline the importance of investing in a stronger Sheffield City Region to make a more resilient UK economy.
“Sheffield City Region showed a gain of 37,000 jobs between 2014, when the LEP launched its Growth Plan, and 2017. Activity led by our LEP has contributed 16,000 new jobs to the economy and leveraged £318 million of private sector investment. We want to work with Government to build on this success and achieve transformational change.
“Following today’s budget, our LEP will be working with Government to make sure we take advantage of its new transport fund for city regions. The LEP will insist that Sheffield City Region gets its fair share of this fund so that we can deliver our strategic plans for a super-connected city region.
“The Chancellor’s Budget set out ambitious plans to be build thousands more homes and we will work hard to make sure that a good share of these homes get built here in Sheffield City Region. The way to get things done is through the Sheffield City Region and our own Housing Investment Fund has received an exceptionally high level of interest. Although this is going some way to helping us to meet our housing ambitions, it is good to hear Government say that it can and that it will do more to boost house building.
“In Sheffield City Region we are building a truly competitive centre of business excellence which is now at the forefront for high performance components for the aerospace and the automotive sectors, with recent investments from McLaren and Boeing further enhancing our capability. We welcome the news that the Chancellor will make additional funding available for investment in research and development and we will work with Government to ensure they realise the scale of opportunity in Sheffield City Region.”
To read more about the Government’s Budget, announced on 22 November 2017, visit: https://www.gov.uk/government/topical-events/autumn-budget-2017