Tuesday, 4 August 2020
Chamber welcomes £65m public funding for 14 shovel-ready infrastructure projects in East Midlands
Fourteen projects across Derbyshire, Nottinghamshire and Leicestershire have been granted public funding totalling £64.4m as part of a £1.3bn Government infrastructure investment.
The D2N2 Local Enterprise Partnership will distribute £44.4m allocated by the new £900m Getting Building Fund (GBF) across 10 shovel-ready schemes aimed at stimulating jobs and supporting post-Covid economic recovery.
It’s forecast these will create more than 8,000 direct and construction jobs in Derbyshire and Nottinghamshire.
The Leicester and Leicestershire Local Enterprise Partnership has been granted £20m for four projects that will create an estimated 1,200 direct and indirect jobs.
Reacting to the Government’s announcement, Chris Hobson, Director of Policy and External Affairs at East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire), said: “Having almost £65m of public investment in the East Midlands across 14 projects is great news for the region.
“These are all vital infrastructure schemes that will help unlock growth and support the region’s economic recovery from Covid-19 by tapping into our proven industrial strengths in sectors such as advanced manufacturing, food manufacturing, transport and logistics.
“These are shovel-ready schemes and it’s now important that we get development underway without any delay, so we can realise the benefits as soon as possible and begin to think about an exciting future for the East Midlands involving the creation of highly-skilled jobs.
“The way these projects have been put forward and selected so soon after the Government’s announcement of a ‘New Deal’ infrastructure strategy demonstrates that the region is able to move quickly in responding to opportunities. This ability to be responsive will be crucial coming out of the crisis.”
What are the East Midlands infrastructure projects to be funded by the Government's Getting Building Fund?
The GBF grants include £12m towards a revolutionary high-tech food manufacturing campus in Derby, which will create up to 4,500 jobs and cluster together food producers with the aim of reducing food waste and carbon emissions. The £300m development will be built and operated by SmartParc on 140 acres of the former Celanese site, near Spondon.
Other D2N2 projects include an advanced manufacturing research centre at Infinity Park Derby, food innovation park in Derby, national facility for developing electrified propulsion systems on aircraft in Nottingham, and a 5G innovation hub in Worksop.
In Leicestershire, funding has been made available for regeneration schemes in Leicester city centre, expanding the SportPark cluster at Loughborough University and improving Junction 23 of the M1.Back