GET YOUR EMAIL UPDATES

We send out our lovely email newsletter with useful tips and techniques, recent articles and upcoming events. Thousands of readers have signed up already.
Email address
Secure and Spam free...

Commerce and Industry

The Journal For Business to Business Marketing

Three infrastructure schemes to kick-start the region’s economy receive full funding commitments at Humber LEP Board

The Humber Local Enterprise Partnership’s (LEP) Board has committed funding  totalling £9.5m to three schemes across Hull and East Yorkshire designed to  stimulate the Humber’s economy over the next 18 months.  

The project commitments were made at the Humber LEP’s Board meeting on Friday,  September 18th

The LEP Board had previously agreed to add the list of projects to the Getting  Building Fund programme with in-principle funding allocations, subject to full  business case approval. 

The business case for each project has now been developed and assessed to make  sure the schemes provide value for money and are deliverable in the timescale and  parameters set out by the Government. 

The three infrastructure projects are being supported by Humber LEP’s £13.4m  allocation of the Getting Building Fund – part of the Government’s ‘New Deal’  programme in response to the economic impact of the COVID-19 lockdown. They  will be managed by East Riding of Yorkshire Council and Hull City Council. 

These schemes will each contribute to the local economic recovery – supporting the  creation of new sustainable jobs, the resilience and sustainability of the local  transport network, and accelerating the development of new homes. They meet the  Government’s aim of a green recovery – which is in line with the Humber’s aims to  become net-zero by 2040. 

The Humber LEP’s allocation of the Getting Building Fund will unlock a total of  £192.86m investment in the area altogether.  

The three schemes are: 

Hull and East Yorkshire Highways Resilience Programme (£2m): This  programme will support road maintenance schemes in Hull and East Yorkshire, in  the East Riding focusing on repairs to A-roads, while in Hull the project 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): 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 & East Yorkshire Cycle Route Delivery Programme – Phase 1 (£2.7m): 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.  

Three more schemes supporting business in the region are set to be confirmed  shortly – the RaisE Business Centre and Innovation Hub (£1m), the Managed  Workspace Programme A – Grovehill (£0.5m): and the Managed Workspace  Programme B – BeSpoke Business Resource Centre and Boulevard 4 (£0.5m). 

The £1.5m Growing Hull and East Yorkshire programme, which offers grants to  SMEs that are looking to grow and create jobs, was formally approved in August and  is now receiving applications. To find out more visit:  

https://www.humberlep.org/business/funding/growing-hull-east-yorkshire-business investment-grants/ 

Stephen Parnaby OBE, Chair of the Humber LEP, said: “I am delighted the  Humber LEP Board has committed funding to these three important projects, which  will support the region’s businesses, see new homes built, improve our roads and encourage more people to cycle. 

“All these projects will not only provide new jobs and safeguard existing jobs, but will  also help support the Humber’s mission to become net-zero by 2040. Though the 18- month turnaround for delivering these projects is tight, on completion they will  provide lasting benefits for those living and working on the north bank of the  Humber.” 

Councillor Richard Burton, leader of East Riding of Yorkshire Council welcomed the funding news and said: “I’m delighted the Humber LEP has committed  to funding these diverse projects which will really help stimulate and grow the  Humber economy and look forward to working with them as well as Hull City Council.  

““Supporting local construction is vitally important to our local economy and will help  our region to recover and thrive as well as providing real and tangible benefits for  motorists, cyclists and the travelling public by improving our highway and cycling  infrastructure.” 

Councillor Stephen Brady, Leader of Hull City Council, said: “We are delighted  that this funding has been secured and in order to successfully recover from this  pandemic, we need to ensure our city has reliable and extensive transport  connections. For this to work, we need reliable rail and road links now, more than  ever. 

“Improving transport connections is vitally important. A sustainable and strategic  transport network not only builds an accessible city for everyone, but can support the region’s growth as we work towards supporting our residents and businesses to  bounce back from the coronavirus pandemic.” 

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

You might also like

Advertise with us! Get discovered by thousands of new potential clientele. View our media pack for pricing...

X