£84m of projects to start in Leeds City Region

£84m of projects to start in Leeds City Region

Over £84m of European Structural and Investment Funds (ESIF) activity is moving towards delivery across Leeds City Region following assurances from the government on the future of EU funding.

Contracts in the region of £42m grant funding are now being finalised to help businesses become more competitive through projects including digital skills and export support.

This will be matched by a further £42m from other public and private resources to support businesses and communities across the Leeds City Region.

The government set out assurances on the future of EU funding earlier this month, which included a commitment that all projects signed before the Autumn Statement later this year will be fully funded, even if these projects continue beyond the UK’s departure from the EU.

Roger Marsh OBE, chair of the Leeds City Region Enterprise Partnership (LEP) and chair of the ESIF Sub–Committee said: "The European funding we secured as part of our €389m ESIF allocation in 2014 is an important tool to help us deliver our ambitions set out in our revised Strategic Economic Plan for the region to transform the economy and create thousands of new jobs.

"The sooner we can start delivering on these important projects, the sooner we will start to feel the benefits of a stronger, prosperous and thriving City Region economy at the heart of the Northern Powerhouse."

"This confirmation from government means we can start to deliver vital support for businesses that we know is in demand in our region, such as a new start-up finance for new and early-stage firms with growth ambitions and help for businesses to explore opportunities in international markets."

Cllr Peter Box, chair of the West Yorkshire Combined Authority said: "We are pleased some of our key projects have the reassurance and security that they can start delivering over the next three years, particularly those that will be helping to support communities in the local area."

 

Click below for more regional business news