£23.7million to Grow York, North Yorkshire and East Riding’s Economy23 January 2017
YORK, North Yorkshire and East Riding is to receive £23.7 million in government funding to help create jobs, support businesses and encourage growth.
The funds were announced by Communities Secretary Sajid Javid as part of the Government’s Local Growth Deal, bringing the total to £145.9 million now awarded to York, North Yorkshire and East Riding with the potential to create 11,620 new jobs, 5965 new homes and to attract £350 million new private sector investment.
The funds were bid for by our partnership of business and council leaders in line with priorities that were decided locally. Projects were identified for their potential to improve the area’s skills, create jobs, new homes and vital infrastructure.
Communities Secretary Sajid Javid said:
“As part of efforts to deliver an economy that works for everyone, the Government is equipping local people with the resources they need to drive forward local growth.
“That is why we’re giving £23.7 million of new money to York, North Yorkshire and East Riding to give businesses the support and opportunities they need to achieve their potential – on top of the £122.2 million we have already awarded”.
The projects announced this time to benefit from the funding include:
- Support to help de-risk and unlock the transformational York Central Enterprise Zone;
- Investment in Scarborough as a growth town to encourage and incentivise investment in strategic housing development sites;
- Support for the transformational redevelopment of Bridlington Harbour and Marina;
- Employment and Housing Growth in Skipton: infrastructure support to open up a number of sites for housing and employment and also improvements in and around the station to generate economic uplift to the area;
- A Skills Capital Programme to develop high quality learning environments in Further Education and enable business growth;
- Harrogate Station/Centre Redevelopment: improvements in the rail station area to improve the overall passenger experience and to open up potential housing and employment development opportunities
- Support for a new employment site at Pickering (Thornton Road) in North Yorkshire to allow the expansion of the high tech engineering sector of the Vale of Pickering;
- Flood alleviation in the East Riding of Yorkshire to protect the commercial centre of the town.
York, North Yorkshire and East Riding Enterprise Partnership Chair Barry Dodd CBE said:
“We welcome this additional investment which will be put to vital projects to help unlock our economy by creating thousands of new jobs, homes and attracting new private sector investment.”
“The funds are a welcome recognition of the vital work taking place with business and local authority leaders across our area, and their successful track record so far delivering on our Growth Deal promises.”
Councillor Linda Cowling, Leader of Ryedale District Council, said:
“This is excellent news for Pickering and Ryedale and follows our previous success with the Local Growth Fund, which has allowed work to start on site at nearby Malton for a business park and Food Enterprise Zone. Ryedale District Council works in close partnership with the York, North Yorkshire and East Riding Enterprise Partnership to make the strongest case for investment and better jobs in our area.”
Councillor Stephen Parnaby OBE, Leader of East Riding of Yorkshire Council, said:
“The council welcomes the Government’s announcement that YNYER has been allocated £23.7 million from the Local Growth Fund.
“The council, alongside Bridlington Harbour Commissioners, has made a bid for £4 million to bring forward plans for the development of the Yorkshire Harbour and Marina Project in Bridlington and securing this money will allow a project team to be appointed to draw up a design concept for this game-changing development.
“Developing this area would help unlock the significant economic potential of the town and firmly establish Great Bridlington as the heart of the Yorkshire Coast.”
Councillor David Carr, leader, City of York Council, said:
“York Central is pivotal to the future growth of our city and additional investment from government for this project is welcome. What is currently a vast brownfield site will eventually be transformed into 1,500 homes and one million square feet of commercial office space.”
Creating an economy that works for everyone
The £12 billion Local Growth Fund provides local leaders with the cash they need to support locally determined projects. Under the fund, England’s 38 Local Enterprise Partnerships – made up of council leaders and business representatives – bid for investments based on local priorities.
Bids are highly competitive and to be successful, Local Enterprise Partnerships need to work with partners to agree strong and accountable governance and put forward proposals that boost growth and bring in private sector funding.
£7.7 billion of the £12 billion Local Growth Fund has already been allocated to more than 900 projects across England – helping to build vital infrastructure, improve skills and create thousands of jobs.
In York, North Yorkshire and East Riding this has already:
- Upgraded Newland Bridge, which carries the A645 over the River Aire. Closure of the bridge (and therefore the A645) would have had a significant impact on the economy of Goole, and would also have impacted on the nearby Drax Power Station.
- Developed world-class training facilities in agriculture and engineering at Askham Bryan College, near York.
- Invested in state-of-the-art new build extension and refurbished facilities at Harrogate College.
Now this latest allocation of £1.8bn government investment – including £23.7m in York, North Yorkshire and East Riding – will help do even more to benefit the lives of local people across the country.
Whilst the funding allocations have been given, all of the latest applications for funding are subject to full submission and business plans which will be assessed to ensure value for money by the Local Enterprise Partnership.
Click here for a Growth Deal factsheet.