East Midlands Mayor Claire Ward believes Prime Minister Sir Keir Starmer’s plans for the Government to announce and confirm a ‘£160m’ Investment Zone scheme for the region will help ‘turbo-charge’ the area’s economy.
Labour’s East Midlands Mayor, Ms Ward, said: “This is great news and I’m delighted the Government has recognised the potential for our region to lead the country in green industry growth. Funding is also expected to support a ‘Sprint initiative’ establishing a platform for concerned organisations, an allocation of the first year’s funds to unlock investment and to support strategic planning, a pipeline of investment projects, and to help with strategy development and capacity building.
The borough council also anticipates opportunities for interested parties to bid for funding which may be available for research, innovation, skills, infrastructure, land enterprise and business support, planning and developments as part of any future reinvestment strategy for the EMIZ.