Half a billion pounds unlocked for region’s Renewal Fund

Dan Jarvis

The Mayor of South Yorkshire, Dan Jarvis, has confirmed the awarding of a fund worth half a billion pounds to be used on making improvements in the region’s four local authority areas.

The South Yorkshire Renewal fund will be invested in place-based projects across infrastructure, housing, community renewal, net zero, business growth, skills and employment and transport.

Jarvis said this money had been secured during his last Mayoral Combined Authority meeting as the Mayor of South Yorkshire, adding that it would equip the incoming mayor and local leaders with the tools to unlock this region’s potential.

He said: “It will allow the MCA to continue making much needed improvements to transport and infrastructure, regenerating our places as well as improving opportunities for people by supporting the creation of hundreds of highly skilled and green jobs.

“It has been my mission as Mayor to create a stronger, greener and fairer South Yorkshire for all of us and together we have implemented great things to achieve this.

“We have already attracted a host of new, exciting businesses to invest in our region, and South Yorkshire is fast becoming a hub of Advanced Manufacturing and green technology.

“I’d like to thank local leaders and my team at the Combined Authority for all of the incredibly hard work dedicated over the past four years, enabling us to unlock and invest vital funding to benefit the whole region.”

Click here to sign up to receive our new South West business news...