news Solent LEP submits ambitious proposal
The Solent Local Enterprise Partnership (LEP) has submitted a proposal to government to expand the value of the Solent Growth Deal to more than £2 billion. To unlock this investment, the LEP has submitted an ambitious £161.7 million bid to government to support a range of investments across the area.
The overall package includes flagship projects such as Stubbington Bypass and Centenary Quay Phase 4 in Southampton, as well as planned investments at Southsea seafront and Itchen riverside. In Southampton, funding would also be used to bring forward roadworks to improve access to the city from the west – a strategic route enabling growth at the Port of Southampton.
In Portsmouth, proposals include transport and energy-infrastructure investments to help the city gear up for the arrival of the new QE Class Aircraft Carriers, and to unlock new land for development.
If successful, the proposal would result in:
• £410m additional investment from local partners; • £1.4b private sector investment in the area; • 15,000 jobs, including 5,000 new jobs;
• 1,000 new apprenticeships; • 7,250 new homes; and • 527,000 sq m of new employment land.
The LEP is also seeking resources to run a range of investment funds in the local area. These include a dedicated Isle of Wight infrastructure fund, which would provide an opportunity to build on the work of the recently launched Isle of Wight Infrastructure Taskforce.
Other Solent-wide investment funds included in the proposal focus on supporting high-growth businesses and universities in the area to drive forward innovation, as well as a skills fund to build on the success of recent LEP investments at CEMAST on the Fareham/Gosport peninsular, facility upgrades and new Advanced Technology Block at Eastleigh College and new Centre of Excellence for Composites, Advanced Manufacturing and Marine (CECAMM) on the Isle of Wight.
Gary Jeffries, Solent LEP chairman, said: “We have been working with a wide range of partners in developing this proposal, including colleagues at local authorities, members of parliament and, critically, business.”
Anne-Marie Mountifield, Solent LEP chief executive, said: “The LEP and partners in the Solent area have demonstrated unrivalled capacity to deliver Local Growth Deal Funding for the benefit of all over the past 12 months. In 2015, we spent over £40m on key projects across the area and we are well underway with a further £44m investment during 2016 to bring forward investments that will unlock new housing and employment developments, address deficits in our transport connectivity and develop the skills and innovation which leading industries need in order to grow.”
Clarification 100
SOLENT SME GROWTH
TM
In the Solent SME 100 Growth Index, which appeared in the July/Aug issue, Moore Blatch LLP was listed at number eight with a turnover of £16.9 million. We would like to clarify that Moore Blatch's group turnover is significantly above this figure, at £20.9m for the year ending April 2015.
Celebrate Christmas at the Ageas Bowl
The Ageas Bowl, the picture-perfect home of Hampshire Cricket, may be famed for its summer entertainment, but when it comes to Christmas there really is nowhere better to celebrate!
Enjoy a traditional party in the Ageas Bowl’s iconic pavilion and stands or choose a glitz and glamour evening at the venue’s new hotel, Hilton at the Ageas Bowl.
Both shared and private parties are available across
a range of dates from November 2016 to January 2017 with party packages starting from just £35 per person!
GLITZ & GLAMOUR PARTY NIGHTS
Deck the Halls Hilton at the Ageas Bowl
THE BUSINESS MAGAZINE – SOLENT & SOUTH COAST – SEPTEMBER 2016
For more information or to book your festive celebration please contact the Ageas Bowl’s Christmas team on 02382 027096, via
christmas@ageasbowl.com or at
ageasbowl.com/christmas.
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