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

Yesterday, 15:22

The air ambulance was called after a child suffered a fall in Somersham on Monday.

Yesterday, 10:56

A woman who died when her car left the road in Ramsey last night has been named as Madeleine Parnwell, 68, from Warboys.

Yesterday, 10:43

Jonathan Djanogly and Heidi Allen were two of the Conservative MPs who helped defeat the government in last night’s vote for parliament to have a final say on the Brexit deal.

Yesterday, 08:16

The “desperate” financial state of Sawtry Village Academy - where the former head was jailed for fraud - is to be discussed by School Standards Minister Nick Gibb in a meeting with North West Cambridgeshire MP Shailesh Vara and school representatives.

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

Sign up to receive our regular email newsletter