connect CHAMBER
The Official Publication of Sheffield City Region Chambers of Commerce
Sheffield Chamber of Commerce
Support. Grow. Connect.
The McLaren Composites Technology Centre will bring 200 jobs to the region
Front cover: Mayor Dan Jarvis and Chair of the Sheffield City Region LEP James Muir
urban centres, knitted together by business, transport and economic links and founded on a proud history of manufacturing, engineering and industry. We're home to more than 1.8 million residents, over 68,000 businesses and more than 750,000 jobs. The Sheffield City Region LEP is
one of only seven that work alongside a Mayoral Combined Authority. A formal membership of councils covering that same geography, the Sheffield City Region Combined Authority was formed in 2014 and became a Mayoral Combined Authority in May 2018 with the election of Mayor Dan Jarvis. I’m delighted to have joined
Between 2014 and 2017, 37,000 jobs were ‘The LEP’s
target of generating 6,000 new business start-ups by 2024 is on course to be delivered well ahead of target’
Mayor Jarvis to steer our region at this crucial time, and look forward to collaborating with public and private sectors to create a Global Innovation Corridor, capitalising on the region’s distinct skills and specialisms, and building new complementary areas of expertise to take advantage of the new technological revolution. The SCR has an economy of more than £33bn,
which grew by £1.34bn between 2013 and 2015. The LEP’s target is to grow the economy by 10% (£3.1bn) between 2014 and 2024. The region’s Enterprise Partnership is well on track to achieve its original ambitions. In three successive Growth Deals, the first
agreed in 2014, the Sheffield City Region LEP was awarded £360m in Government funding through the Local Growth Fund. This funding is having a transformative impact on our region, through projects such as the Great Yorkshire Way, Sheffield’s Olympic Legacy Park, University Centre Rotherham and The Glass Works in Barnsley.
created in our region, including 2,200 apprenticeships and puts the LEP around four years ahead of its target of creating 70,000 net new jobs by 2024. The SCR is becoming increasingly attractive as a place to start up, locate and invest. The LEP’s target of generating 6,000 new business start-ups by 2024 is on course to be delivered well ahead of target, with 5,670 of these new enterprises being established in just three years.
Boeing and McLaren have
chosen to locate in the Sheffield-Rotherham Advanced Manufacturing Park and are great examples of how the SCR economy is
growing and developing. Boeing’s new
£40m factory is its first manufacturing plant in Europe, and the £50m McLaren Composites Technology Centre will create 200 good jobs. The SCR is well placed to become one of the
UK’s leading economic centres and an industrial and business beacon of the Northern Powerhouse. It’s also one of the most attractive places to live with some of the country’s most beautiful natural landscapes on its doorstep providing the foundation for a thriving tourist industry. I strongly believe that we are at a threshold of
future growth, from which we can capitalise on the encouraging business momentum that has been established in the past four years, and accelerate our growth to transform performance. It will take vision and strong collaboration
across all sectors, and I am looking forward to contributing to that step change.
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The next issue of Chamber Connect will be available in May 2019
CHAMBER CONNECT is produced on behalf of Sheffield City Region Chambers of Commerce by Kemps Publishing Ltd and is distributed to members without charge. The Chambers and the publisher are committed to achieving the highest quality standards. While every care has been taken to ensure that the information it contains is accurate, neither the Chambers nor the publisher can accept any responsibility for any omission or inaccuracies that might arise. Views expressed in the magazine are not necessarily those of the Chambers. This publication (or any part thereof) may not be reproduced, transmitted or stored in print or electronic format without prior written permission of Kemps Publishing Ltd.
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Winter 2019 CHAMBERconnect 5
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