From email@example.com | Friday 17 July 2020
The fund designed to support "shovel-ready" projects could create 1,300 jobs in Hull and East Yorkshire.
Six projects across Hull and East Yorkshire are set to receive a share of £13.4m in funding, with the potential to create up to 1,300 jobs in the region.
The projects were agreed by the Humber LEP Board today after the announcement of the area’s allocation from the Government’s Getting Building Fund last week.
The fund is designed to support "shovel-ready" projects to progress in the next 18 months and kick-start the economy.
The schemes could create new employee roles, construction jobs and thousands of square metres of office space. They could also see more than a thousand new homes built and enable 247 more employees to cycle to work.
The Getting Building Fund is part of the Government’s New Deal programme in response to the economic impact of the COVID-19 lockdown.
The schemes all meet the Government’s aim of a green recovery, which is in line with the Humber’s aims of becoming net-zero by 2040.
The LEP’s in-principle allocation of the Getting Building Fund will unlock a total of £192.86m investment in the area.
Here are the projects:
Growing Hull and East Yorkshire (£1.5m allocation)
This scheme will offer capital grants to SMEs, focusing on job creation and stimulating investment opportunities and supporting the safeguarding of jobs and the green recovery. It is an extension of the successful Growing the Humber scheme, which has invested £35.3m since 2013, leveraging £122m from 439 businesses and supporting the creation of 2,814 jobs.
Hull and East Yorkshire Highways Resilience Programme (£2m allocation)
This programme will support road maintenance schemes in Hull and East Yorkshire. In the East Riding the project will be focused on repairs to A-roads, while in Hull it will support road repairs in Hull before major construction begins on the £355m A63 Castle Street scheme.
Delivering Housing Growth Programme – Ings and Wawne 2 (£4.8m allocation)
A new spine road and electrics in Ings could see a further 310 homes built on location sooner than expected, while in Wawne a further 850 homes could be built sooner than expected with the installation of a new spine road and drainage, adding to existing new homes currently being built on both sites.
Hull and East Yorkshire Cycle Route Delivery Programme Phase 1 (£2.7m allocation)
A programme of cycle infrastructure upgrade and provision of new cycle facilities which will focus on provision in Hull and East Riding along Beverley Road (A1079) and the route from Cottingham to the City Centre.
Managed Workspace Programme (£1m allocation)
A package of new and improved managed workspace offers to meet demand and stimulate economic recovery in Hull and East Riding. This programme will include investment in the Grovehill site in Beverley, BeSpoke Business Resource Centre in Bransholme and Boulevard 4 to complement the existing Louis Pearlman Centre. Each site will provide excellent opportunities for small business development and job creation.
RaisE Business Centre and Innovation Hub (£1m allocation) The RaisE Business Centre and Innovation Hub will be adjacent to the Siemens Mobility train factory on the Goole 36 Enterprise Zone. It will provide high-tech managed workspace and R&D facilities for SMEs in manufacturing, engineering, and rail supply chains.
Councillor Stephen Brady, Leader of Hull City Council, said: “We welcome these projects as we work closely with the Humber LEP and East Riding of Yorkshire Council to support businesses in the region.
“These schemes will help to create new jobs in the city and also support our transport networks, which is good news for Hull’s ambition to become a cycling city and for our 2030 carbon neutral pledge.
“It will also help with the building of new homes in the city. We have already accelerated the city’s house-building programme which has allowed us to consistently exceed targets set by the government.”
Applications for Growing Hull and East Yorkshire will open shortly. Other projects will receive final funding confirmation following individual business case appraisals.