Northern Powerhouse to receive £556m cash allocation boost - CILT(UK)
Search
Search
You are here: Home > News > Latest News

 

 

What’s on your career development plan

 


 

 


LATEST NEWS

Northern Powerhouse to receive £556m cash allocation boost

24 January 2017/Categories: CILT, Industry News


Business leaders and politicians have welcomed a newly-allocated cash injection of £556m for the government's Northern Powerhouse project.

The money will fund flood defences in Yorkshire, a £10m innovation fund for businesses in Manchester and Cheshire, and regeneration in Hull city centre.

It was announced by Prime Minister Theresa May amid plans for a new more interventionist industrial strategy.

She detailed the funding during her first regional cabinet meeting, held at a science and business park in Daresbury, Cheshire.

The money will help fund projects including:

• A new £10m innovation fund for small to medium businesses in Greater Manchester and Cheshire

• Flood defences in Leeds, Bradford, Calderdale, Craven and Kirklees

• A £72m cash boost for the Liverpool City Region to help create jobs and growth

• The Goole Intermodal Terminal to link the town's existing rail, sea, motorway and waterway links on one site

• A modern conference centre and hotel in Blackpool at the town's Winter Gardens

• Further regeneration of Hull city centre, during the city's year as UK City of Culture

• An International Advanced Manufacturing Park in South Tyneside and Sunderland, expected to create 5,000 jobs.

Source (BBC): http://www.bbc.co.uk/news/uk-england-38721046

Print

Number of views (2401)

Tags:

Theme picker

Keep it moving with your professional body

Keep up to date with the latest news for transport, logistics and supply chain professionals. We don’t sell data, we don’t spam, we just send insights and information relevant to the profession.

Registered Office:

Earlstrees Court, Earlstrees Road, Corby
Northants, NN17 4AX
Main Switchboard: 01536 740100

Company Registration Number: 2629347 
(A Company Limited by Guarantee)
Charity Registration Number: 1004963

© The Chartered Institute of Logistics and Transport