SHEFFIELDCITYREGIONGROWTHDEAL.pdfVIP

SHEFFIELD CITY REGION GROWTH DEAL The Sheffield City Region Growth Deal will boost the economic growth of Sheffield City Region with investments in key transport, infrastructure, skills, and business support projects. The Growth Deal, subject to a satisfactory conclusion of the funding agreement, will bring together local, national and private funding as well as new freedoms and flexibilities to focus on three key priority areas as identified in the LEP’s Strategic Economic Plan: Transport, Employment and Housing Sites Better Skills Delivering World Class Business Support The Sheffield City Region has secured ￡295.2m from the Government’s Local Growth Fund to support economic growth in the area – with ￡34.7m of new funding confirmed for 2015/16 and 105.9m from 2016/17 to 2021. This includes: As part of the Government’s ongoing commitment to the Sheffield City Region it has also provided a provisional award of a further ￡91.9m of funding over the years to 2020/21. ￡63.7m of funding which the Government has previously committed as part of Local Growth Deal funding to the area. This substantial investment from Government will bring forward at least ￡410m of additional investment from local partners and the private sector. Combined together this will create a total new investment package of ￡707.3m for the Sheffield City Region LEP. By 2021, this Deal will create at least 8,000 jobs and allow 5,000 homes to be built. The Sheffield City Region brings together local businesses, education providers and Barnsley Metropolitan Borough Council, Bassetlaw District Council, Bolsover District Council, Chesterfield Borough Council, Derbyshire Dales District Council, Doncaster Metropolitan Borough Council, North East Derbyshire District Council, Rotherham Metropolitan Borough Council and Sheffield City Council. Summary of Sheffield City Region Grow