Hertfordshire LEP has once again successfully secured substantial Government funding for a raft of projects that will deliver new homes, jobs, support business growth and improve the skills of its workforce. The Government has awarded £22.3m additional funds to Hertfordshire LEP just six months after it secured £199.2m, bringing the total expanded Growth Deal for the county to £221.5m.
Over the lifetime of its Deal (2015-2021) up to 15,000 new jobs could be created, 20,000 new homes built and it has the potential to unlock £430m public and private investment.
Key projects announced as part of this expansion include:
- £12.5m for an infrastructure fund which will support regeneration projects, including South Oxhey and Bishop’s Stortford, by providing new homes and employment space.
- £6m to regenerate Hatfield town centre which is expected to create 241 new jobs and 97 new homes
- £0.8m to fund at least 100 new science and technology apprenticeships at Oaklands College, Welwyn Garden City
- £0.4m for a Design and Innovation Centre or ‘fab lab’ at North Herts College which will give small and medium-sized manufacturers access to state of the art equipment and engineering skills training.
- £2.5m for an innovation hub at the University of Hertfordshire which will link up SMEs with the world-class academic and research facilities at the University of Hertfordshire.
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