Local leaders from the public and private sector have secured a £320 million cash boost for Sheffield City Region, which will create over 28,000 jobs and training for 40,000 people.
This is the fifth most substantial Growth Deal that any City Region has made with Government as Ministers make their announcements for the 39 LEP areas across England.*
The cash boost for Sheffield City Region will go towards supporting over £600 million worth of infrastructure projects, including transport links to new housing and employment sites in Dearne Valley and an extended airport link road to Doncaster-Sheffield Airport.
The new funding will also enable the City Region’s leaders 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 build new facilities at existing Colleges, including 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.
Bassetlaw MP John Mann has welcomed the announcement that will include improvements in the Harworth and Bircotes area to support the development of the former colliery site, highways improvements in Worksop to bring forward employment sites plus a £2 million loan to Langtree Land and Property plc to accelerate the delivery of 302 homes on the Former Firbeck Colliery at Costhorpe which will also bring forward further improvements to Langold Lake and the Country Park.
Mann said: “This is very big news for our area. I have previously argued that our relationship with the Sheffield City Region is crucial because it will see jobs creation and infrastructure improvements. This significant financial commitment to Bassetlaw helps seal that deal.”
“Bassetlaw District Council and Sheffield City Region have developed a strong partnership to bring the investment into this area and involved MPs in setting their economic parameters. I welcome the fact that we share the same priorities”.
“This success is the blueprint for how we should work in the future and confirms that Bassetlaw is best served as part of Sheffield City Region.”