Extra

Not so much a sprinkling of good news as an avalanche: £11m plus of investment will create almost 1,000 jobs

Written by: Andrew Merrell | Posted 04 August 2020 10:28

Not so much a sprinkling of good news as an avalanche: £11m plus of investment will create almost 1,000 jobs

Here is why the leader of GFirst LEP got so excited on Twitter today – the organisation he helps lead has secured £11.3 million to help Gloucestershire recover from the Coronavirus pandemic. 

Apparently, the funding won by the dynamic business group, which has not shied away from its responsibilities of driving the county’s economy, is part of central Government’s £900million nationwide ‘Getting Building Fund’. 

This announcement has been confirmed by the Ministry of Housing, Communities & Local Government (MHCLG), and will see 959 new jobs being created and a further 82 jobs being safe-guarded, as well as a further £4.875 million being invested into these projects from both the public and private sector within Gloucestershire. 

Not surprisingly after such a big win for the county and in a world in need of positive news David Owen, the chief executive of the Local Enterprise Partnership, too to twitter with a machine gun-like burst of announcements.

 

 

GFirst LEP said it worked closely with public, private and voluntary sectors to submit bids that were ‘shovel ready’, would create jobs, aid recovery and support the green agenda. 

Many of the ambitions were identified in GFirst LEP’s draft Local Industrial Strategy that was published in late 2019. 

There will be five key infrastructure projects that will receive funding; 

The ‘Minster Innovation Exchange’ with Cheltenham Borough Council – this low carbon modular construction will deliver innovative co-working space in central Cheltenham. It will provide a purpose-built performance, event and community venue, and connect to the High Street through upgraded historic linkages from the Cheltenham Minster grounds. It will also act as a pilot for developments at the Cyber Park – allocated £3.114 million. 

‘The Gloucestershire Applied Digital Skills Centre’ with Cirencester College – building a new landmark building, modelled on digital industries delivering the skills needed in the Cyber and Digital sectors – allocated £4.48 million. 

‘Cyber Incubation Units’ with Gloucestershire College – creating a range of new office space, shared and dedicated laboratories, workshops and co-working facilities designed specifically for high-tech, cyber-based entrepreneurs and innovators, with access to educational facilities – allocated £950,000.

Read more: Intervention will help Gloucestershire avoid potential 49,000 job losses and £1billion-plus drop in GVA

Read more: The family firm spearheading Gloucestershire’s new £2m-plus construction skills centre

‘The Digital Innovation Farm’ with Hartpury University - creating new innovation and demonstration workspace for high growth SMEs in the growth phase already operating within the agri-tech sector to explore, test, trial, research and develop products, or enhance existing ones – allocated £1.25 million. 

‘A Construction Education Centre’ with the KW Bell Group Ltd in Cinderford - a brand new multipurpose conference and training facility to be based in the heart of the Forest of Dean. 

The project is designed to link the construction industry with education by providing a learning environment that is digitally advanced, safe, interactive and relevant. The centre will be co-funded by a privately-owned family business, which has been in operation for over 50 years, founded in, and operating within, the Forest of Dean – allocated £1.956 million. 

Mr Owen said: “The LEP team has worked hard with partners to ensure our pipeline of creative and innovative infrastructure projects is always up to date. 

“A lot of work went into producing our draft Local Industrial Strategy last year and it included extensive consultation, and the strategy was warmly welcomed across all areas of the business community. 

“The list of projects that we are now able to fund focus heavily on the cyber, digital and agri-tech sectors, sectors that were identified in our Local Industrial Strategy as the top growth opportunities in the county.” 

Dr Diane Savory OBE, GFirst LEP’s chairwoman said; “These projects will give Gloucestershire’s businesses and young people greater opportunities to access the very best type of tailored support that is needed now more than ever.” 

Mark Bretton, LEP network chairman, said; “As business led partnerships with a readymade pipeline of projects, LEPs responded swiftly to the Prime Minister’s call for infrastructure projects with more available when government is ready.   

“LEPs ‘can do’ business attitude has created a proven track record of complex delivery, landing projects at scale, on time and to budget. The foundations they are building for local recovery in their Five Point Plan will underpin our national recovery”    

Read more: Intervention will help Gloucestershire avoid potential 49,000 job losses and £1billion-plus drop in GVA

Read more: The family firm spearheading Gloucestershire’s new £2m-plus construction skills centre