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Sheffield to receive £12m regeneration funding

£12m in funding has been awarded to projects across the Sheffield City Region, including up to £7m towards a district centre development at Waverley, in Rotherham.

The grant from the Local Growth Fund (LGF) will contribute to Waverley Square Ltd’s £42.7m plan for new retail, leisure and office facilities on the Waverley site, at the heart of the Region’s Advanced Manufacturing Innovation District (AMID) and emerging Global Innovation Corridor.

Sheffield Housing Company was granted £1.52m towards a £17.2 housing scheme, set to deliver 106 new houses, while a grant of £2.2m was also agreed for the UK Atomic Energy Authority, to support a new research facility.

City region Mayor Dan Jarvis said: ‘This is a great example of the Mayoral Combined Authority and LEP using our resources to make significant improvements to communities in the Sheffield City Region, as well as being an important step in the ongoing growth of our Advanced Manufacturing Innovation District (AMID) and the emerging Global Innovation Corridor.

‘This development in Waverley, together with the ambitious plans for our transport network laid out in our draft bid to the Transforming Cities Fund, will build on the success of recent investments in the area from companies such as McLaren Automotive and Boeing.

‘With the right transport and infrastructure in place, we can create a super-connected community where people want to live, work and play, improve people’s quality of life and actively contribute to improving the UK’s economic productivity.’

Three private sector companies have also been awarded Business Investment Fund grants totalling more than £420,000, to expand production and create new jobs.

Garment hanger company Braitrim (UK) Limited, trading as Braiform, was awarded £124,000; vehicle customisation firm Mobile Installation Solutions (UK) Ltd was awarded £50,000 and hot tub company Superior Spas Ltd was awarded £249,000.

Thomas Barrett
Senior journalist - NewStart Follow him on Twitter

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