Ambitious plans to create 70,000 new jobs and give the Sheffield City Region economy a £3 billion boost are being unveiled by the region’s Local Enterprise Partnership today.
The plans to transform the City Region’s economy are being submitted to the Government – along with a request for more power to decide how money is spent in the Sheffield City Region.
The LEP’s plan includes:
n A new initiative called the ‘Top 1000’ to provide intensive support for local businesses with the highest potential for economic growth
n A ‘Skills Bank’ to make it easier for local firms to take on apprentices and graduates
n Incentives and a programme of promotional activities to attract 20,000 new jobs to the City Region from the UK and overseas
n An ultramodern public transport system to connect urban centres and key development areas
n A bold housing plan in which Sheffield City Region controls funds to unlock key housing sites.
LEP chairman James Newman said: “This important plan sets out our ambition to transform the Sheffield City Region economy.
“The plan will ask Government to hand over the powers and funds to enable the Sheffield City Region to make improvements to skills, housing, transport and to create more and better jobs for the Sheffield City Region’s 1.8 million residents.”
Mr Newman added: “The Sheffield City Region is aiming to develop a stronger private sector. To achieve this, we must do more to attract investors to do business here, to increase our exports, to support high growth businesses to realise growth potential, and to compete on the international stage.”
Barnsley Council chief executive Diana Terris, who jointly chaired the steering group that wrote the LEP Growth Plan, said all parts of the region would benefit from the plan.
She said: “Through our Growth Plan, the Sheffield City Region will ask Government to give us the powers and funds we need to compete in global and national markets.
“Both the public and private sectors have identified what is needed to accelerate economic growth and create new jobs, and the Growth Plan outlines our shared vision.”
Months of discussions with the Government are expected to follow today’s submission before details are finalised.
n The LEP Growth Plan will be available at www.sheffieldcityregion.org.uk from tomorrow.