Innovative new energy sources and enterprise sites to drive growth in central England – creating up to 50,000 jobs
Staffordshire County and Stoke-on-Trent City Councils are to jointly bid for greater power and finance from Government to drive economic growth and create thousands of new jobs. The two councils will support the LEP, working with over 40 public and private sector partners, to help make Stoke-on-Trent and Staffordshire an even better place to do business.
The Department for Business, Innovation and Skills today (Monday 29th October) invited expressions of interest for a second wave of ‘City Deals’. It follows agreement in the summer to give the eight largest cities outside London greater freedom and funding for new roads, rail, broadband and other schemes to grow their economies and create jobs.
With a focus on exploiting radical new energy sources and providing sites to attract new business, the aim is to increase the area’s gross domestic product by 50% over ten years, creating 50,000 jobs.
Joint working over a number of years has led to the Stoke-on-Trent and Staffordshire LEP area being recognised as one of the top three areas nationally for attracting inward investment. In addition to the proposed deal, the councils continue working together and talking to Government about a range of other opportunities for improving the local economy.
For more information on this story, visit the Stoke-on-Trent & Staffordshire Local Enterprise Partnership website.