{"id":8135,"date":"2014-07-23T18:06:30","date_gmt":"2014-07-23T17:06:30","guid":{"rendered":"http:\/\/ihbconline.co.uk\/newsachive\/?p=8135"},"modified":"2014-07-22T16:33:51","modified_gmt":"2014-07-22T15:33:51","slug":"growth-deals-to-2016-announced","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=8135","title":{"rendered":"Growth deals to 2016 announced"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\">Details of Local Growth Fund allocations in England have been announced, with funding for infrastructure projects, training and business throughout English regions, bringing together funding which was previously in different budgets<\/span>.<strong>\u00a0<\/strong><\/p>\n<p><span style=\"text-decoration: underline;\">The Government Press Release states<\/span>:<br \/>\nThe first \u00a36 billion of local projects has been agreed as the first wave of Growth Deals are being announced. This includes the complete allocation of \u00a32 billion from the Local Growth Fund for 2015 to 2016, and, because the quality of the proposals was so high, in some cases commitments are being given for following years for important long-term projects so they can get underway.<\/p>\n<p>In addition, discussions with local enterprise partnerships will continue, to prepare for future negotiations on the next round of Growth Deals to build on the momentum now established.<\/p>\n<p>Growth Deals are a revolution in the way our economy is run. For the first time ever, housing, infrastructure and other funding is being brought together in a single pot, and put directly into the hands of local authorities and businesses to spend the way they know best.<\/p>\n<p>Projects beginning in 2015 to 2016 are expected to be matched by local investments worth around twice the contribution from central government. Across the country they are expected to lead to work on more than 150 roads, 150 housing developments and 20 stations, as well as:<\/p>\n<ul>\n<li>providing small business support services in every part of England and significant investment in skills training<\/li>\n<li>working to improve educational attainment<\/li>\n<li>getting more people from welfare to work<\/li>\n<\/ul>\n<p>Some of the major projects that will be built as a result of these deals include:<\/p>\n<ul>\n<li>\u00a318 million to revamp the Metrolink transport system in Manchester, which will include 12 new trams, revamped stations and improved bus services. This is part of a \u00a350 million transport package in Greater Manchester<\/li>\n<li>\u00a323 million for a new road tunnel linking Swindon to nearby Wichelstowe, creating thousands of jobs and opening up a new site for thousands of homes &#8211; this is just one of dozens of road projects which will get off the ground thanks to the Growth Deals the local enterprise partnerships have agreed with the government<\/li>\n<li>millions of pounds for projects around the country to boost the skills that local businesses say they need, including \u00a355 million for London\u2019s Skills Capital programme; a Glass Academy in Sheffield to train people to work in the city\u2019s glassworks and an Oil and Gas Academy in the Tees Valley &#8211; this not only helps businesses, but also young people who might struggle to get a job and take advantage as the economy grows<\/li>\n<li>the creation of a new National Agri-Food Campus in York which will help the area become a global leader in food manufacturing, agricultural technologies, and bio-renewable sectors, creating up to 800 new jobs<\/li>\n<li>funding for Birmingham to help the city make the most of HS2 \u2013 including improving connection to the Birmingham Curzon Street station so that the area can maximise the benefits in terms of investment, jobs and skills<\/li>\n<li>support and advice for small and medium sized businesses, so that they can grow and create hundreds of thousands of jobs across the country &#8211; local enterprise partnerships will tailor this support to local needs<\/li>\n<li>funding for a new engineering training facility at the MIRA technology park \u2013 delivered in partnership with North Warwickshire and Hinckley College, University of Leicester and Loughborough University. The centre will equip people with the skills to work in advanced transport engineering, a growing sector in Leicestershire and the surrounding area<\/li>\n<li>support for a \u00a31 million project to create the Silverstone Metrology Centre, a high precision measurement facility for small and medium sized enterprises working in high performance technology industries such as motorsports, enabling them to develop new products<\/li>\n<li>funding for broadband networks in areas where provision is not currently available, such as remote areas of the North East<\/li>\n<\/ul>\n<p>The Prime Minister said: \u2018Growth Deals are a crucial part of our long-term plan to secure Britain\u2019s future. For too long our economy has been too London-focused and too centralised.\u00a0 Growth Deals will help change all that. They are about firing up our great cities, towns and counties so they can become powerhouses.\u2019<\/p>\n<p>\u2018By trusting local people, backing business and investing in infrastructure, skills and housing, we can create thousands of new jobs. And that means more economic security, peace of mind and a brighter future for hardworking people across the country.\u2019<\/p>\n<p>The Deputy Prime Minister, who chairs the Local Growth Cabinet Committee, said: \u2018We are ending a culture of Whitehall knows best. Decisions over spending on infrastructure, business support and housing are being made at a truly local level. It will help end our over-reliance on the banks and the City of London, and generate growth, jobs, and ambition in towns and cities all across England.\u2019<strong>\u00a0<\/strong><\/p>\n<p><a href=\"https:\/\/www.gov.uk\/government\/news\/growth-deals-firing-up-local-economies\" target=\"_blank\">UK Gov\u00a0press release<\/a><\/p>\n<p><a href=\"https:\/\/www.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/327542\/LGF-funding-allocations.pdf\" target=\"_blank\">UK Gov\u00a0allocations<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Details of Local Growth Fund allocations in England have been announced, with funding for infrastructure projects, training and business throughout English regions, bringing together funding which was previously in different budgets.\u00a0 The Government Press Release states: The first \u00a36 billion &hellip; <a href=\"https:\/\/newsblogs.ihbc.org.uk\/?p=8135\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-8135","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/8135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8135"}],"version-history":[{"count":1,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/8135\/revisions"}],"predecessor-version":[{"id":8136,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/8135\/revisions\/8136"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}