News: Possible Regional Growth Fund bids for Rotherham
Rotherham Council are looking at and discussing a number of projects with partners that could form potential bids for the government's £1.4bn Regional Growth Fund.
Lord Heseltine was in Rotherham this week encouraging private sector bids for the fund which has two key objectives: to stimulate enterprise by providing support for projects and programmes with significant potential for economic growth and create additional sustainable private sector employment; and to support in particular those areas and communities that are currently dependent on the public sector make the transition to sustainable private sector-led growth and prosperity. More here.
Karl Battersby, the council's strategic director of Environment and Development Services outlines the projects in a report to a Cabinet meeting next week.
One project looks at strategic infrastructure investment to enable further development of the Sheffield – Rotherham Lower Don Valley. This includes key regeneration sites such as Templeborough, Waverley, the Advanced Manufacturing Park (AMP) and the British Land site near Meadowhall.
There are also a number of key infrastructure proposals including the Waverley Link Road, the Sheffield to Rotherham bus rapid transit system, and improvements around junction 34 of the M1.
Building on the global significance of the AMP and AMM sector this investment could be drawn together under a "manufacturing super park" concept that links strategic infrastructure investment with a National Advanced Engineering and Manufacturing Growth Hub.
The report also states that Harworth Estates (part of UK Coal) are considering a possible application to help deliver the Waverley masterplan.
The fund also has potential to be used for site reclamation, flood works and business support infrastructure for Rotherham United's Community Stadium but that would need to be considerd by the club.
It may also provide a source of funding to continue the work of the Housing Market Renewal programme in Rotherham after government funding was cut last year.
The paper also highlights a High Growth SME pilot project to create a private sector led, and financially sustainable, business support system which would deliver economic benefits for the Sheffield City Region by targeting a small number of SMEs in identified priority sectors.
The paper goes on to say that a number of private sector companies may be considering bids for funding, which range from regeneration schemes through to capital investment projects which would assist them in expanding their capabilities and creating further jobs.
One potential project is the Diam2ond project that aims to replicate the successful AMRC model for the medical sector on the AMP.
Regional Growth Fund website
Images: AMP
Lord Heseltine was in Rotherham this week encouraging private sector bids for the fund which has two key objectives: to stimulate enterprise by providing support for projects and programmes with significant potential for economic growth and create additional sustainable private sector employment; and to support in particular those areas and communities that are currently dependent on the public sector make the transition to sustainable private sector-led growth and prosperity. More here.
Karl Battersby, the council's strategic director of Environment and Development Services outlines the projects in a report to a Cabinet meeting next week.
One project looks at strategic infrastructure investment to enable further development of the Sheffield – Rotherham Lower Don Valley. This includes key regeneration sites such as Templeborough, Waverley, the Advanced Manufacturing Park (AMP) and the British Land site near Meadowhall.
There are also a number of key infrastructure proposals including the Waverley Link Road, the Sheffield to Rotherham bus rapid transit system, and improvements around junction 34 of the M1.
Building on the global significance of the AMP and AMM sector this investment could be drawn together under a "manufacturing super park" concept that links strategic infrastructure investment with a National Advanced Engineering and Manufacturing Growth Hub.
The report also states that Harworth Estates (part of UK Coal) are considering a possible application to help deliver the Waverley masterplan.
The fund also has potential to be used for site reclamation, flood works and business support infrastructure for Rotherham United's Community Stadium but that would need to be considerd by the club.
It may also provide a source of funding to continue the work of the Housing Market Renewal programme in Rotherham after government funding was cut last year.
The paper also highlights a High Growth SME pilot project to create a private sector led, and financially sustainable, business support system which would deliver economic benefits for the Sheffield City Region by targeting a small number of SMEs in identified priority sectors.
The paper goes on to say that a number of private sector companies may be considering bids for funding, which range from regeneration schemes through to capital investment projects which would assist them in expanding their capabilities and creating further jobs.
One potential project is the Diam2ond project that aims to replicate the successful AMRC model for the medical sector on the AMP.
Regional Growth Fund website
Images: AMP
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