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Leaders welcome cash and jobs boost for Sheffield City Region

An artists impression of the British Glass Academy.

An artists impression of the British Glass Academy.

Business leaders have hailed Sheffield’s new growth deal cash boost as a way for the region to ‘take control of its own economic destiny’.

They said the £300m package would create 28,000 jobs and was the fifth most substantial of deals in 39 areas - which devolve power and money from Government.

Most jobs will come about as the investment secures the SCRIF infrastructure fund - which includes project such as improvements to Sheffield city centre, transport links to new housing and employment sites in the Dearne Valley and the extended airport link road to Robin Hood Airport.

The other 4,000 jobs will come from the extension of the business investment and support programme at Sheffield City Region LEP, which submitted proposals for the deal to Government.

Chairman James Newman said the partnership was one of few given more ‘freedom’ over spending.

He admitted the partnership had not got ‘everything it wanted’ but said: “Sheffield City Region is getting a bigger share of the new funds than we might have expected.

“Our growth deal is the first step on a journey to enable the region to take control of its own economic destiny.”

Sheffield Chamber also welcomed the news. Deputy Prime Minister and Sheffield Hallam MP Nick Clegg said the deal gave ‘power and money’ to local people.

But rival Sheffield Hallam candidate Oliver Coppard said it was ‘too little, too late’ after four years of cuts.

He ‘welcomed any support for Sheffield’ but said most regional growth money was allocated and the region had lost £175m in EU funding.

A £130 million ‘skills bank’ to train 40,000 people - including up to 7, 500 apprentices - and a £5m British Glass Academy will also be created in Sheffield. Dave Dalton, CEO of British Glass, said: “The industry is rooted in the work of Sheffield University 100 years ago so it’s fitting this world class hub will be in Sheffield.”

 

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