The government has agreed a £30 million package of investment intended to create jobs and boost the economy in Brighton and Hove.
The funding will support a number of schemes designed to attract private sector investment, build homes and infrastructure and support education and transport.
The schemes include three involving Brighton University – in Circus Street and Preston Barracks in Brighton and a joint project with the Shoreham engineering business Ricardo.
City College Brighton and Hove will receive financial help so that it can build more modern classrooms.
And a plan to improve flood defences and transport access in and around Shoreham Harbour will protect homes and businesses.
Government ministers have approved a six-year spending programme through the Coast to Capital Local Enterprise Partnership (LEP) to fund the projects.
The Coast to Capital area stretches from Croydon to Brighton and Hove and takes in West Sussex, the Gatwick area and Lewes and Newhaven.
The LEP has signed a £202 million “growth deal” with the government with about £30 million expected to help the economy of Brighton and Hove.
Treasury Minister David Gauke will join Coast to Capital chairman Tim Wates and chief executive Ron Crank to announce the deal today (Monday 7 July) at Gatwick Airport.
The funding from Whitehall has been secured after Coast to Capital’s preparation of a strategic economic plan for the area. The first year will bring £38 million across the wider area.
Mr Wates said: “We are pleased to sign this deal with government as the start of the six-year growth plan.
“We believe this area has great potential for growth and is able to compete effectively with the most prosperous regions in Europe and indeed globally.
“This first-year investment by government shows that they too believe in our region’s potential.
“The fact that we have been able to assemble such an ambitious programme with strong public and private sector commitment shows confidence in our area.
“We will now convert that confidence into new jobs and prosperity for our businesses, workforce and communities, working in partnership with government and our local partners.”
The main projects expected to have an impact on the economy of Brighton and Hove are
The area from Croydon to Brighton&Hove as described above constitutes a so-called ‘economic diamond’ area.
During the last Labour Administration I attended a SEEDA or SEERA meeting when this area creation and investment was first mooted. I was one of only about three non-delegates/politicians at this meeting in public and they resented us being there, as I recall. They were appalled even after confirming we had a right to be there. That is how far back this plan goes and how non-publicly known it was too.
The South East Developnent Agencyand Regional Assembly (a Euro Union way of sidelining and eventually abolishing counties) are now long disbanded and discredited but this ‘economic diamond’ strategic plan lives on. Meanwhile all the various governmental incarnations can manage for the north of England is the highly questionable HS2 and relocating BBC radio 5Live to Manchester.
Oh, and, of course, allowing the private West Pier Trust folly, known as the i360,
to be accorded the status of ‘infrastructure’ and provided with a loan if £36.2m from the Public Works Loan Board and £4m from the Coast to Capital’s LEP – repayable public money, local taxpayer’s risk and liability.
The area from Croydon to Brighton&Hove as described above constitutes a so-called ‘economic diamond’ area.
During the last Labour Administration I attended a SEEDA or SEERA meeting when this area creation and investment was first mooted. I was one of only about three non-delegates/politicians at this meeting in public and they resented us being there, as I recall. They were appalled even after confirming we had a right to be there. That is how far back this plan goes and how non-publicly known it was too.
The South East Developnent Agencyand Regional Assembly (a Euro Union way of sidelining and eventually abolishing counties) are now long disbanded and discredited but this ‘economic diamond’ strategic plan lives on. Meanwhile all the various governmental incarnations can manage for the north of England is the highly questionable HS2 and relocating BBC radio 5Live to Manchester.
Oh, and, of course, allowing the private West Pier Trust folly, known as the i360,
to be accorded the status of ‘infrastructure’ and provided with a loan if £36.2m from the Public Works Loan Board and £4m from the Coast to Capital’s LEP – repayable public money, local taxpayer’s risk and liability.