More than half of the projects supported through the North East Local Enterprise Partnership’s Local Growth Fund have reached completion, marking a major milestone for the £270m fund
Providing funding to major capital projects in all seven localauthority areas, the Local Growth Fund is helping to create jobs, boost the economy and improve the quality of life for people living and working in North East England.
A promotional film – produced by the North East LEP – has been released to celebrate the Local Growth Fund’s halfway milestone. It can be viewed on the North East LEP website at www.nelep.co.uk/funding.
Andrew Hodgson, chair of the North East Local Enterprise Partnership, said: “More than 50 individual projects have received funding through the Local Growth Fund ranging from major infrastructure projects like The International Advanced Manufacturing Park (IAMP) in Sunderland and South Tyneside to transformative transport schemes, including the A1058 Coast Road corridor in North Tyneside.
“Funding was awarded to projects that helped achieve the objectives set of out in the region’s Strategic Economic Plan, which aims to support economic growth, improve productivity and increase the number of people employed in high quality jobs.
“All the projects make the North East a better place to live and work, and the improvements will be felt for generations to come. It’s not just about improving our economy, it’s also about improving quality of life for everyone that lives here.”
Minister for the Northern Powerhouse and Local Growth, Jake Berry MP said: “We are investing in the future of communities across the Northern Powerhouse and the whole country through the Local Growth Fund. The projects already delivered by the North East Local Enterprise Partnership with their share of the fund are changing lives by building the infrastructure, skills, jobs and confidence people need to thrive.
“Our modern Industrial Strategy is backing businesses to create high-paid, highly-skilled jobs in every part of the UK and I’m inspired by what has been achieved in the North East so far.
“I look forward to seeing how people across the North East continue to build on local strengths and embrace opportunities for a prosperous future with support from the Government.”
The new video profiles many of the projects supported through the Local Growth Fund, including the creation of a new Centre for Enterprise & Innovation, Hope Street Xchange in Sunderland, Europe’s first dedicated centre for emerging technology, PROTO in Gateshead, and the creation of a new Metro/bus interchange in South Shields town centre and a new learning centre for Tyne and Wear Metro workers. It also features interviews with key people leading each project.
To receive funding through the Local Growth Fund, projects had to demonstrate they could drive innovation and improve support for businesses; support economic inclusion and help develop skills infrastructure; or enhance strategic transport sites and public transport infrastructure.
For information on all the projects supported by the Local Growth Fund, visit www.nelep.co.uk/funding.
North East Local Enterprise Partnership