LEP welcomes multi-millon pound Goverment fund to help boost the local economy

PUBLISHED: 11:53 10 February 2017 | UPDATED: 11:53 10 February 2017

Sajid Javid MP

Sajid Javid MP

Archant

The Greater Cambridge Greater Peterborough Enterprise Partnership has welcomed a multi-million pound fund to help create jobs and support businesses.

Announced in the wake of the devolution deal for Cambridgeshire and Peterborough, the £37.6 million cash boost has been awarded by the Government on top of £109 million Growth Deal already allocated.

Communities Secretary Sajid Javid said: “As part of efforts to deliver an economy that works for everyone, the Government is devolving powers and resources directly from Whitehall to local people who know their areas best.

“That is why we’re giving £37.6 million of new money to the Greater Cambridge Greater Peterborough LEP to give businesses the support and opportunities they need to achieve their potential – on top of the £109 million we have already awarded.”

It is expected that the new investment in the local economy will help innovation at the area’s Enterprise Zones, along with skills attainment, the development of new homes and improved infrastructure.

Mark Reeve, LEP chairman, said: “Our Growth Deal award of £37.6 million comes on the back of a strong devolution deal for Cambridgeshire and Peterborough, funding for work on East-West Rail worth £110 million and an additional £27 million to support study work for the Oxford to

Cambridge Expressway.

“This continued investment in our LEP area is critical to unlock key barriers to growth.”

More news stories

A man has died in hospital following a collision on the A14 at Leighton Bromswold last month.

12:48

Better signage is needed to stop HGVs speeding and driving through Huntingdonshire villages while work is carried out on the A14, councillors have said.

11:24

A preferred candidate for the post of Cambridgeshire’s Chief Constable has been named by police and crime commissioner Jason Ablewhite.

Hundreds of people gathered in St Ives at the weekend to enjoyed two days of fun at the annual carnival and music festival.

Most read stories

Local business directory

Cambridgeshire's trusted business finder
HOT JOBS

Show Job Lists

Digital Edition

Image
Read the Hunts Post e-edition E-edition

Newsletter Sign Up

Hunts Post weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy