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.'

 

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