Julian has welcomed the announcement of new funding to support businesses and infrastructure.
£73 million has been allocated to the entire Leeds City Region and £34 million to the entire North Yorkshire Local Enterprise Partnership for 2015/16, which will support the creation of new jobs with their work.
The money is being put directly into the hands of the City Region and Local Enterprise Partnership so that investment can be directed towards those projects that will most benefit the local area.
The money, which is part of £6 billion in funding from the Growth Fund across England, will deliver better roads and public transport; increase the support for small businesses and young people looking for work; and improve internet links, skills and housing availability, strengthening the local economy and backing businesses to create jobs.
“This Growth Deal is excellent news for residents and businesses in Craven. £107 million for the Local Enterprise Partnership and City Region which cover Craven will make a huge difference and, because decisions on spending will be made locally, we can ensure the Growth Deal has the maximum possible impact.”
Greg Clark, Minister for Cities, added:
“This is a landmark day for local economies across Britain. National growth is the sum of local growth, so for Britain to prosper every part of the country needs to fulfil its potential. But no two places are the same and the people who live, work and do business in each place know best what their area needs to do well. That’s why we’re backing local leaders to create jobs and prosperity in their own area.”