Engine of growth' 300,000 jobs hope

A new plan to make the Midlands an 'engine of growth' could help create 300,000 jobs and boost the region's economy. The project, dubbed the Midlands Engine prospectus, was launched by Business Secretary Sajid Javid on Friday. It focuses on boosting the region in five key areas: trade & investment, transport, research & innovation, business support and skills. Eleven local enterprise partnerships joined forces to create the plan, which will be supported by £5m of government funding. To support business growth, the Leicester and Leicestershire Enterprise Partnership is working with the region's other LEPs to develop a £180m region-wide fund, with help from the EU and the European Investment Bank. LLEP chairman Nick Pulley, who is also regional head of Santander corporate banking, is leading a team to build a separate fund for the East Midlands. He said: 'We now have a brand identity as the Midlands Engine, which is really powerful.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin

Where Next?