Government Announce £106m Growth Deals For The East Midlands
7 July 2014, 16:16
David Cameron visited the Midlands to announce details of a government plans to invest in the countries future.
The Growth Deals between the Local Enterprise Partnerships and the Government will see money given from government to local authorities to build stronger local economies,
For the first time, housing, infrastructure and other funding is being brought together in a single pot, and put directly into the hands of local authorities and businesses to spend the way they know best.
Derby, Derbyshire, Nottingham and Nottinghamshire have been awarded £47 million worth of funding.
Leicester and Leicestershire will get £28 million.
The South East of the region is set to receive £31 million.
The money is being earmarked for authorities to help support young people looking for work, grow small businesses in the region, build more housing and improve the roads and local transport.