Prime Minister Theresa May will today set out how more than half a billion pounds of investment into the North’s industrial future will be spent.
The £556 million cash boost – announced in the Autumn Statement – will fund the building of an International Advanced Manufacturing Park in Sunderland, which it is hoped will create 5,200 jobs, among other projects.
“The modern industrial strategy will back Britain for the long term: creating the conditions where successful businesses can emerge and grow, and backing them to invest in the long-term future of our country,” May will say.
“It will be underpinned by a new approach to government, not just stepping back but stepping up to a new, active role that backs business and ensures more people in all corners of the country share in the benefits of its success.”
Other projects include the Goole Intermodal Terminal, aimed at linking the east Yorkshire town’s existing rail, sea, motorway and waterway hubs, a 21st Century conference centre and hotel in Blackpool at the Winter Gardens plus flood resilience measures in Bradford, Calderdale, Craven, Kirklees and Leeds.
The Government’s green paper, published today, also lists the UK’s research and development strengths which the new Industrial Strategy Challenge Fund could support – smart energy technologies, robotics and artificial intelligence and 5G networks – and reveals how investment for the ‘Northern Powerhouse’ will be split between 11 local enterprise partnerships.
- Greater Manchester £130.1m
- Liverpool City Region £72.0m
- Lancashire £69.8m
- Leeds City Region £67.5m
- North Eastern £49.7m
- Cheshire and Warrington £43.3m
- Sheffield City Region £37.8m
- Humber £27.9m
- York, North Yorkshire, East Riding £23.7m
- Tees Valley £21.8m
- Cumbria £12.7m
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