Chester News, News

North West gets a boost

Government awards North West part of a £556 million boost.

Following a Cabinet meeting held by the Prime Minister Theresa May, in Daresbury in Cheshire, she unveiled her plans to create a Northern Powerhouse.

Last March, George Osborne said a total of £1.8bn would be awarded in a round of “growth deal” funding to Local Enterprise Partnerships (LEPs) across England.

The Cheshire and Warrington area have been awarded funding equalling £43.3 million.

This funding in the North of the UK, will drive growth using major new investments in infrastructure and research to drive prosperity; creating more high-skilled, high paid jobs and opportunities.

Prime Minister Theresa May said: ‘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.’

Business and Energy Secretary Greg Clark said: ‘We are inviting businesses and workers to contribute to this vision to help us create a high-skilled economy where every place can meet its potential.’

New Projects include: £10 million for the Greater Manchester and Cheshire Life Sciences Fund to provide capital to local small and medium businesses to drive the growth of innovative young life sciences businesses.

By Darcey Higgins

March 3, 2017

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