A ‘BOLD and ambitious’ £92 million bid to create 5,000 jobs and transform the fortunes of South Yorkshire has been launched.
The money would be spent on improving transport links, speeding up the development of business parks and installing superfast broadband.
Public and private sector partners from across the Sheffield City Region have come together to back the project.
Property developers and investors, regeneration organisations, local authorities and Chambers of Commerce are bidding for cash from the Government’s Regional Growth Fund.
The cash would support key infrastructure projects designed to accelerate development of the region’s new Enterprise Zone, boosting investment and job creation.
The partners who have put together the bid believe it will unlock millions of private sector investment and create around 5,000 jobs, including some construction jobs during building work followed by modern manufacturing jobs and a range of support roles.
Businesses involved include Harworth Estates, Sheffield Business Park Ltd, Peel Holdings and Henry Boot Developments.
Harworth Estates owns land at Catcliffe, where the Advanced Manufacturing Park is located, while Sheffield Business Park Ltd and Peel Holdings owns land nearby which also has Enterprise Zone status.
Meanwhile, Henry Boot Developments is redeveloping Markham Vale to the north east of Chesterfield, which has Enterprise Zone Status, too.
Peel Holdings’ Iain Taylor said: “We have been delighted by the support from all the partners and the backing of the Sheffield City Region Local Enterprise Partnership.
“This is a bold, ambitious response to the economic situation driven by the private sector, which now seeks government support to accelerate development of these key Enterprise Zone sites.”
Rotherham Council cabinet member for regeneration and development Gerald Smith added: “There is already clear evidence that businesses see the advantages of locating in the Sheffield City Region and are looking to invest.
“It is critical to ensure that we have a supply of serviced sites available at good quality locations to satisfy both the current and future demand from these requirements.
“With the assistance sought through this project, the region’s EZ sites will offer a complete solution, ready to deliver growth and jobs.”
The partners are bidding for RGF cash to create a new road junction and carry out additional ground work to accelerate the development of 692 acres of land at the Advanced Manufacturing Park site.
Funding would also aid work at key junctions to improve the route from the Sheffield and Rotherham Enterprise Zone sites to the motorway network for heavy and oversized loads, open up development land at Markham Vale and improve superfast broadband links to that site.
The proposals will be assessed by an independent advisory panel, chaired by Lord Heseltine, over the summer.