Derbyshire and Nottinghamshire have received a government cash boost of almost £45 million to fund ‘shovel ready’ projects which will help the local economy and create jobs.
The money has come from the Government’s recently announced £900 million Getting Building Fund, which aims to rebuild the economy following the impact of coronavirus, providing cash to deliver upgrades to local infrastructure.
The D2N2 Local Enterprise Partnership (LEP), which covers Derby, Derbyshire, Nottingham and Nottinghamshire, has been awarded £44.4 million – which is the sixth largest allocation across 36 Local Enterprise Partnerships and Combined Authorities.
READ MORE: {}
Its share will be used to improve digital infrastructure, support skills and career opportunities and make the transition to a low carbon economy.
Answering a national call from the Government, D2N2, together with partners from across the region, put forward a long list of projects, which it believes will deliver growth and develop the talent, ideas, and facilities in the region.
These projects will now be evaluated by government to identify which will receive funding and deliver the most value in terms of restarting the local economy and meeting the future challenges of levelling up the 海角视频.
Successful projects will need to demonstrate they meet LEP key priorities and can be completed by the end of 2021.
David Williams, interim chairman of D2N2, said: “We very much welcome the announcement by government. This will provide a major stimulus for our cities, towns and communities.
Most Read
“We believe the size of the allocation demonstrates a belief in what the D2N2 Local Enterprise Partnership can deliver and testament to the collaborative working between the LEP and its partners.
More Derbyshire economic development stories
“We will continue to work with partners as we begin negotiations with government to determine which projects will receive funding based on their ability to accelerate growth and create employment.
“As we reshape our Local Industrial Strategy to reflect the impact of the COVOD-19 pandemic it’s essential we remain flexible to support our communities, that we adapt to new opportunities, and build an economy that it is more resilient in the long term.
“We will continue to work with government on future funding for investments to support our ambitions for the region.”