The Local Enterprise Partnerships (LEP) covering Derbyshire, Notts and Leicestershire have been awarded a total of £250 million of Government funding over the next five years to support local projects which create jobs and generate growth.
D2N2, which covers Derbyshire and Notts, received £174 million, while the Leicester and Leicestershire LEP received £76 million.
George Cowcher, chief executive of the chamber, said: “This is positive news and businesses will welcome the fact that, after four years of hard work to produce these proposals and negotiate with Government, the money – which will make a real difference to businesses on the ground here in the East Midlands – is finally starting to materialise.”
“The Growth Deal will have a positive and practical impact on the regional economy, helping to protect existing jobs and drive job creation, upskill the local labour market, transform local infrastructure and, most importantly, support private sector growth and investment.
“While there is disappointment that not all the submitted projects were successful, it’s important to remember that this money has been awarded at the end of a process which has seen D2N2 and LLEP go up against the other LEP areas across the country and the fund was heavily oversubscribed.”