GFirst LEP Secure Funding for Gloucestershire

Posted on 15. Jul, 2014 by in Business, Featured

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Video Supported by GFirst LEP. Here is info direct from Cotswold TV and GFirst LEP:
“We did it – you did it! Thanks to your help, we’ve secured everything we asked for in the business plan to accelerate economic growth in Gloucestershire.” This is the message from Dr Diane Savory OBE, Chair of GFirst LEP and David Owen, Chief Executive of GFirst LEP announcing the Government’s Growth Deal for Gloucestershire.
We today agreed a historic Growth Deal with the Government which will see £62.5million invested in Gloucestershire. £23.6million has been confirmed in the first year, and as part of the Government’s on-going commitment to GFirst LEP it has provided an indicative award of a further £38.9million of funding from 2016/17 onwards. The Growth Deal will help to create up to 5000 jobs and generate up to £40 million in public and private investment. This deal is part of a wider Strategic Economic Plan that will lead to 34,000 jobs.
Tasked by Government with creating an ambitious business plan for economic growth for Gloucestershire, GFirst LEP has worked in partnership with the private, public and voluntary sectors to present the best possible case for investment in the county.
The result is an overwhelming endorsement from Government that will see the Gloucestershire Growth Deal deliver Growth Hub services in physical locations across the county, kick start the GREEN project at the Berkeley site, further develop the Growth Zone on the M5 corridor, and deliver some key transport projects across Gloucestershire.
1. The Growth Hub is a unique partnership between the University of Gloucestershire and GFirst LEP to enable businesses to achieve their true growth potential. The Growth Deal will ensure physical spokes for business access to support services are in place across the county, Science, Technology, Engineering, and Mathematics (STEM) centres deliver quality provision across Gloucestershire, and the funding is in place for the next phase of physical development of the Growth Hub central facility.
2. The Gloucestershire centre of excellence in Renewable Energy, Engineering & Nuclear skills (GREEN) is a partnership between GFirst LEP and South Gloucestershire and Stroud College. GREEN will be a world-class centre of excellence for STEM training, providing workforce development training and apprenticeship opportunities based at the decommissioned Berkeley power station site.
3. The Growth Zone will further develop the availability of employment land along the M5 corridor in order to attract and retain high value-added businesses by providing valuable space and the necessary transport infrastructure for business expansion. Initial focus will be on development at junction 9 and junction 10 of the M5 and in particular the opportunity provided by the Ashchurch site near Tewkesbury.
See more info here.

About Philip

Director and Co-Founder of Stroud Community TV

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