Strategic partnership in South Yorkshire to drive economic growth

South Yorkshire Mayoral Combined Authority (SYMCA) and Aviva Capital Partners Ltd have signed a Memorandum of Understanding to foster innovation, economic growth and housing building in South Yorkshire.

The collaboration is designed to build on Aviva’s expertise and experience to support SYMCA’s pursuit of private investment for sustainable economic development.

This partnership, supported by the four Local Authorities in Barnsley, Doncaster, Rotherham, and Sheffield, seeks to drive positive outcomes for the local economy and communities.

With 1,800 people based in Sheffield, Aviva will work with SYMCA to unlock private investment in South Yorkshire that aligns with the authority’s objectives.

This is the latest commitment from Aviva Capital Partners, Aviva’s in-house investment unit which originates regeneration, housing and infrastructure assets using Aviva group capital to make places and communities more prosperous, inclusive and sustainable.

South Yorkshire’s Mayor, Oliver Coppard, said: “The ongoing transformation and regeneration of cities and towns in South Yorkshire, along with the region’s rich cultural and industrial heritage, present numerous opportunities for increased private investment in our region.

“Working closely with Aviva, I am looking forward to the opportunities that this relationship will bring about for South Yorkshire as we accelerate the growth of new businesses, foster innovation, and promote modern construction methods for residential development.

“Our housing vision for South Yorkshire emphasises the availability of quality, affordable, and sustainable housing that contributes to a net-zero economy.”

“With a need for approximately 5,000 new homes annually, including 2,000 affordable homes, this is the start of a collaborative approach that will address the needs for the residents of South Yorkshire who deserve access to safe, affordable housing for themselves and their families.”

John Cummins, CEO of Aviva Capital Partners, added: “Aviva has a strong presence in South Yorkshire and is committed to boost the economy of the region through this new partnership with SYMCA.

“We’re looking forward to fostering sustainable economic growth, infrastructure and housing through private investment.”