This is what £50m of funding to help Sheffield recover from Covid-19 will be spent on
Sheffield is lined up to receive £50m to boost the city’s recovery from the Covid-19 pandemic – and leaders have now revealed how it will be spent.
The investment was announced this week and is part of a plan agreed by Coun Bob Johnson, leader of Sheffield Council and the Sheffield City Region Mayor Dan Jarvis, alongside the leaders of local authorities in Barnsley, Doncaster and Rotherham.
The council says it will be used on:
Further investment in Sheffield’s high streets, including the Heart of the City project at Pinstone Street, Peace Gardens and Fargate; and developing new, vibrant green spaces in the city centre
Developing a range of housing schemes on brownfield land, including Porter Brook, Attercliffe and Cannon Brewery
Funding to help revitalise Stocksbridge High Street
Work to accelerate flood defence improvements for the Sheaf catchment.
Improved bus and cycle routes to the Advanced Manufacturing Innovation District
Developing access to the former Parkwood Springs Ski Village site, to help create a world-class outdoor leisure and visitor attraction
Major investment in active travel routes in the Sheaf Valley, Nether Edge, Crookes, and Kelham Island
Coun Johnson said: “As we begin to recover from the pandemic it is vital we take this important step in securing investment for city-wide projects that will create long-term positive benefits for Sheffield; from a rejuvenated, forward-thinking city centre designed to grow and adapt with the needs of the people who use it, to an established network of active travel infrastructure that will revolutionise the way people move around the city.”
The plans go before the Sheffield City Region Mayoral Combined Authority on Monday, March 22, as part of a £860m stimulus package for South Yorkshire.
Following an agreement with the Treasury, the mayor will borrow £500 million against what it receives in gainshare funding.
Around £300 million is planned for investment in places, transport and infrastructure and another £200 million of borrowed money will be invested in jobs and skills from 2022.
These pots of borrowed money will be called the ‘South Yorkshire Renewal Fund