A total of £71.71m is available to the Worcestershire Local Enterprise Partnership through the Government’s Growth Deal to be spent between 2016 and 2021 on agreed economic projects prioritised in the county’s Strategic Economic Plan.
The Strategic Economic Plan, endorsed by public, private and third sector partners, provides clarity on the 10-year vision for Worcestershire and defines the targets that must be achieved for the county’s long term prosperity.
Worcestershire initially received £47m of Growth Deal funding with an additional £7.2m allocated in January 2015 and an additional £17.5m in March 2017. bringing the total to £71.71m.
The latest progress on Worcestershire’s Growth Deal projects can be viewed here.
The Growth Deal is funding the following schemes:
Hoobrook Link Road improvements which is essential to the on-going development of the South Kidderminster Enterprise Park
Southern Link Road (A4440) improvements which provides a crucial link to support the supply of significant housing and employment land in the County
Worcester Six and the work on the A4538 (Pershore Lane) to create access to the site which when complete will bring over 5,000 jobs
Malvern Hills Science Park and the development of new facility on the site allowing new and existing businesses in the high tech sector to expand and encourage businesses from this sector to join this significant cyber sector
Flood alleviation programmes with investment in projects in key hotspots which cause traffic congestion in the County
Kidderminster Railway Station improvements enabling better transport links and connectivity for Kidderminster
Worcestershire Parkway Station which is a £22m project to provide a new mainline station for Worcestershire at Norton to improve connectivity and journey times to major centres.
Centre of Vocational Excellence (COVE) to support engineering apprenticeships through a specialist new facility in partnership with training provider, Worcester Group Training Association
Superfast Broadband investment so that by Autumn 2017, 95% of premises in the County will be able to access Superfast Broadband.
£2m Worcestershire Growth Fund to support business expansion. Full details are available via www.business-central.co.uk/worcestershiregrowthfund
North Worcestershire Engineering Centre of Excellence major investment in Redditch will see a new specialist engineering training facility open in the autumn to train up to 200 young apprentice engineers over the next 4 years
Pershore College investment enables WCG to launch a groundbreaking initiative with an Agri-tech STEM (Science, Technology, Engineering and Maths) centre at Pershore College.
Vale Park, Evesham