Growth Deal 2014
[tp-vfb-save]In July 2014, the LEP secured a £320 million Growth Deal for Sheffield City Region, which will create over 28,000 jobs and training for 40,000 people.
This was the fifth most substantial Growth Deal that any City Region has made with Government out of the 39 LEP areas across England.
The funding will go towards supporting over £600 million worth of infrastructure projects, including improvements to Sheffield City Centre, transport links to new housing and employment sites in Dearne Valley and an extended airport link road to Doncaster-Sheffield Airport. The overall package is a huge boost for the Sheffield City Region, allowing our recently developed long-term economic strategy to become a reality.
The new funding will enable the LEP to create a £130 million Skills Bank, which will provide training for 40,000 people in the Sheffield City Region, including between 5,000 and 7,500 apprentices. The funding will also be used to upgrade further education facilities and build a brand new British Glass Academy.
£50 million of the funding will mean that the LEP can extend its highly successful business investment and support programme and create 4,000 new jobs for local people.