Tuesday, July 12, 2011

News: Funding secured for sector growth in South Yorkshire


The economic growth in target sectors across South Yorkshire is set to increase after local councils secured a £3m investment from the European Regional Development Fund (ERDF).

Rotherham Investment & Development Office (RiDO), the regeneration arm of the council, will work alongside their counterparts in Sheffield, Doncaster and Barnsley, to support both inward investors and expanding indigenous businesses in sectors such as Advanced Manufacturing; Creative and Digital Industries; Business Services and Logistics.

The South Yorkshire Sector Growth Enhancement Programme will run for four years and could bring in 600 gross new jobs and generate an increase in GVA of over £9m.

The programme will be delivered via an extension of the successful Invest South Yorkshire model and key activities include proactive business development and developing contacts and networks, key account management and flexible support to high growth potential SMEs and the attraction and facilitation of new inward investment.

David Fletcher, Director of Business Investment at Creativesheffield, said: "Our key account management activities to date have been mainly focused on growing the larger private sector employers in the region. However, this funding allows us to develop this activity to identify and support high growth SMEs - a key element of the local economy.

"This programme builds on the very successful partnership working between the four investment teams across South Yorkshire. Over the last three years, this partnership supported the creation of over 4,000 new jobs and over £250 million of private sector investment."

The Sector Growth Programme will leverage the maximum potential of existing regional assets including the Advanced Manufacturing Park, Sheffield Digital Campus, Barnsley Digital Media Centre and Robin Hood Airport Doncaster-Sheffield.

In Rotherham, experts at RiDO supported Tata Steel Europe (then Corus) with their restructure and helped engineering company, MTL Group, to relocate to a 300,000 sq ft advanced manufacturing facility in Rotherham.

They also supported a number of Advanced Manufacturing & Materials (AMM) companies move to the Advanced Manufacturing Park including Xeros, Struers, EoSemi and Exova.

Rotherham Investment and Development Office


Supported by:
More news...

  © Blogger template Newspaper III by Ourblogtemplates.com 2008

Back to TOP