September 27th, 2016

£100m regional growth deal signed

£100m regional growth deal signed £100m regional growth deal signed
Updated: 4:28 pm, May 07, 2015

A DEAL which could be worth up to £100m to the local economy has been signed by the Government.

Cities Minister Greg Clark agreed a Growth Deal with the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) which will see the government invest around £75m in the region over the next two years.

An extra £32.9m will come from local partners, and £0.4 million from the private sector, bringing the total to £107.5m.

The money will fund projects including improving train services in the North-South Rail and Coventry Station scheme, providing offices for new small and medium-sized businesses at Ansty Park, and launching skills and start-up initiatives in Coventry, Stratford and Leamington.

Coun Izzi Seccombe, leader of Warwickshire County Council and CWLEP board director, said the county council would work closely with the CWLEP so that businesses in the area could benefit.

Coun Ann Lucas, leader of Coventry City Council, added: “The Growth Deal will help the many firms who already enjoy the benefits of being in the heart of the country to grow and expand, and will encourage new investment, with more companies looking to relocate to the city and the county.

“It is further proof that Coventry and Warwickshire is the place to be for companies looking to benefit from our wonderful location, excellent transport links and a highly skilled workforce.”