The City Deal was a bespoke package of funding and decision-making powers that was negotiated by the Sheffield City Region Local Enterprise Partnership (LEP) and Sheffield City Council with Government in July 2012.
The Made in Sheffield City Deal was one of the first deals agreed by Government with UK cities. It was designed to drive economic growth in the City Region by:
- Developing the £700 million Sheffield City Region Investment Fund (SCRIF) – enabling us to borrow against projected business rates to fund infrastructure improvements.
- Creating a demand-led skills system to benefit businesses in the City Region – this included a £72 million three-year plan to train 2,000 employees in skills needed by employers and to deliver 4,000 apprenticeship places.
- Establishing certainty on transport funding for 10 years – enabling the City Region to invest in local transport improvements. This includes the 10 year Transport Fund allocated to the City Region by Government in July 2013.
- Increasing the efficiency of the bus network – through devolved funding and commissioning for buses and the introduction of smart ticketing.
- Developing the Advanced Manufacturing and Nuclear Research Centres – to support the development of new products and technology within the manufacturing sector.
- Strengthening governance – by forming the Sheffield City Region Combined Authority, which was established in law in 2014.
Two of the key projects that were supported and delivered through our City Deal have now concluded. You can read more about these projects on the links below:
Following the formation of the Sheffield City Region Combined Authority on 1 April 2014, the City Deal has been superseded by the three Growth Deals agreed by the SCR and Government.