Major £44.4million cash boost to create jobs and help economy recover in Nottinghamshire

The ’New Deal’ announcement is part of a comprehensive plan by the government to ‘build, build, build’, delivering upgrades to local infrastructure and boosting skills in a move to fuel economic recovery.

The D2N2 Local Enterprise Partnership, which drives economic growth in Nottinghamshire and Derbyshire, has received the sixth largest allocation in the country to support local infrastructure projects.

The investment will aid 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.

Answering a national call from government, 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 of D2N2, said: “We very much welcome the announcement by government. This will provide a major stimulus for our cities, towns and communities.

“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.

“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.”

The prime minister has also announced that funding will be brought forward for 15 towns across the East Midlands to help them meet the immediate challenges they face due to the pandemic.

This fast-tracking of investment totalling £11 million will help kick-start activity in towns across the region.