Humber LEP releases annual review

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Humber LEP has released its 2018-2019 annual review.

A total of 5,811 new direct jobs have been created, with 2,879 new direct jobs to come in the near future. When combined with safeguarded jobs and construction jobs, 10,966 jobs have been supported through the Humber LEP’s investment partnerships to date.

The LEP has so far secured over £328m of UK Government funding to enable its partners to deliver projects. £145m of this has already been invested on the ground, leveraging £387m to make a total investment to date of £532m in the Humber.

Other figures in the Annual Review include:
– 24,396 learners supported through our collaborative skills partnerships
– 7,498 properties with reduced flood risk thanks to support for flood risk alleviation schemes
– 13,019 businesses supported by the Growth Hub
– 3,305 jobs created through our support to businesses

Meanwhile, a three-year, £6m investment from the European Regional Development Fund, designed to enable SMEs in the region to grow their businesses, has enabled an expansion of the LEP’s Business Growth Hub service.

Launched in November 2018, the Growth Hub’s new #GrowMySME Programme is the Growth Hub’s dedicated new package of high-growth SME support, consisting of the three complementary strands: the ICT for Growth Scheme, the Finance for Growth Scheme and the Business Growth Scheme.

Kishor Tailor, Chief Executive of the Humber LEP, said: “The diverse projects we support – from schemes tackling youth unemployment to projects improving rail infrastructure and programmes engaged in growing SMEs – are only as successful as they are through the strong relationships we build and the work we carry out together to achieve our aim of a prosperous and thriving region.

“The LEP has punched above its weight in securing investment for the region, but it is local authorities, businesses and education providers which are delivering on the ground and it is excellent to see more and more of these projects paying off.

“However, the LEP’s work is not just about investment. As we develop our industrial strategy, our role in bringing partners together and providing an interface with Government will be essential. Together we can ensure that the strategic importance of the Humber is recognised and we are well-positioned for further success.”

Alongside its annual review, Humber LEP has launched its Local Industrial Strategy prospectus for consultation.

Business Secretary Greg Clark said: “I am delighted that the Humber LEP is launching its Local Industrial Strategy prospectus, including ambitious plans to be a global leader in clean energy generation.

“This is a critical time for the Humber, and we’ll be working closely with local partners to develop the priorities set out in this prospectus into an ambitious Local Industrial Strategy – alongside the direct support we are providing around the future for British Steel.

“Our modern Industrial Strategy aims to boost productivity across the country by backing businesses to create good jobs and increase earning power. For Humber, this is a great opportunity for the region to come together and plan for a bright economic future for local people, businesses and communities”.

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