In October 2015, local politicians and business leaders secured an in-principle deal with the Chancellor to transfer national powers and control over funding from national Government to the Sheffield City Region – as well as securing a massive £900 million additional cash boost over the next thirty years to deliver major regeneration, infrastructure and business growth schemes.
It is a deal that marks another step in the journey that the Sheffield City Region has taken over the last five years in securing greater control over its own economic affairs. It enables the City Region to build on some of its world class assets, including the Sheffield and Rotherham based Advanced Manufacturing Innovation District, aligning the new Doncaster-based National College for High Speed Rail with the new Institutes of Technology to help meet the wider set of national infrastructure challenges, major town centre improvement plans in Barnsley and the Enterprise Zones across the whole City Region.
The deal covers a range of themes including transport, skills, creating new jobs, inward investment and support to help local businesses export as well as committing to working with Government on new ways to incentivise local growth.
The deal was formally approved by the Sheffield City Region Combined Authority on Thursday 31 March 2016.
For more information please download the Deal document: SCR-Devolution-Agreement-2015