Sheffield City Region has announced a deal with the Government to take responsibility for funding major schemes at a local level.
The ‘City Deal’ means that more decisions on how money is spent on skills and transport in the Sheffield City Region will now be made by local businesses and partners who understand what is needed in the region.
A key element of the ‘City Deal’ scheme will be focused on job creation and skills, with 4,000 new apprenticeships created across the region and an additional 2,000 adults trained in new skills to help the local economy grow.
The Government is set to agree a three-year investment plan with the Sheffield City Region’s Skills and Employment Partnership. This will enable a joint investment scheme with £44.4m of local public and private sector investment, £23.8m of Government funding and an additional £4m from Government.
The deal provides better certainty in transport funding for the City Region, allowing more flexibility in how the money is used, up front funding, and allowing longer term planning for the needs of the City Region.
The deal commits to a tram-train between Rotherham and Sheffield, and also to making Sheffield a prime mover for new funding arrangements with bus operators to improve services and bus punctuality and investment.
The City Deal document and a summary version of the document are available for download below:
For more information on details of the City Deal announcements, see the following webpages: