Derbyshire and Nottinghamshire D2N2 enterprise to get £44.4 million under Government 'new deal' scheme
The Derbyshire and Nottinghamshire D2N2 Local Enterprise Partnership has received a £44.4 million cash boost from the government to fund ‘shovel-ready’ projects to help the local economy and create jobs.
The ‘new deal’ announcement is part of a comprehensive plan by government to ‘build, build, build’, delivering upgrades to local infrastructure and boosting skills in a move to fuel the UK’s economic recovery.
D2N2 has received the sixth largest allocation – across 36 local enterprise partnerships and local authorities – through a £900 million Getting Building Fund that will support local infrastructure projects.
The investment will support economic recovery as a result of the Covid-19 pandemic and will be used to improve digital infrastructure, support skills and career opportunities, and the transition to a low carbon economy.
D2N2, together with partners from across the region, put forward a long list of compelling and innovative projects to deliver growth and continue to develop the talent, ideas, and facilities in the region.
These projects will now be evaluated by government to identify which will receive funding and deliver the most value in terms of restarting the local economy and meeting the future challenges of levelling up the UK.
David Williams, interim chairman at D2N2, said: “We very much welcome the announcement by government.
“This will provide a major stimulus for our cities, towns and communities. and we believe the size of the allocation demonstrates a belief in what the D2N2 can deliver.
“We will continue to work with partners as we begin negotiations with government to determine which projects will receive funding based on their ability to accelerate growth and create employment."
“As we reshape our strategy to reflect the impact of the covid-19 pandemic it’s essential we remain flexible to support our communities, that we adapt to new opportunities, and build an economy that it is more resilient in the long term.”
“We will continue to work with government on future funding for investments to support our ambitions.”