£120m Investment for Sheffield could create job opportunities for contractors
Contractors in the Sheffield area will be interested to hear that a £120 million infrastructure investment plan will look to bring businesses and jobs to the city.
Communities Secretary Eric Pickles explained that the government’s long-term economic plan will start delivering more than 200 infrastructure projects this year.
The Sheffield Enterprise Zone will turn £25 million of government funding into £94 million more of private sector investment so they can lay down the infrastructure needed for its premier sites at Markham Vale and Rotherham to attract new businesses to the area.
Part of the government money – £14 million – will transform the site at Markham Vale, where 3 coal pits previously stood.
£11 million will be used to expand Rotherham’s advanced manufacturing hub by building essential infrastructure foundations for Harworth Estates’ 740 acre Waverley regeneration scheme – Yorkshire’s largest ever brownfield redevelopment.
This is part of £36 billion of public and private investment that could support over 150,000 jobs in construction this year and many thousands more in other sectors following completion.
Eric Pickles said, “This enterprise zone is a great example of how our economic plan is rebalancing the economy and transforming once dormant industrial sites into job creators once again.
“Today’s cash injection will help the enterprise zone pull in over 3 times as much in private sector investment, giving it the essential foundations to grow, create jobs for local people and continue the area’s proud manufacturing tradition.”
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