Making Connections Welcome...
James Muir, Chair of the Sheffield City Region Local Enterprise Partnership, explains the support on offer for businesses struggling through the pandemic.
Now is the time to invest and develop our strengths
has highlighted more than ever the integral role of business to not just the regional and national economy, but also to the community and the lives of the people here. With South Yorkshire now in the Government’s
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very high Covid-19 alert level, businesses and employees across the region have been seriously impacted. The crisis has been experienced in different
ways, and while some have performed and recovered better than expected, we know there are a vast number of industries in need of much greater support, such as hospitality, events and arts and culture who have been impacted heavily by enforced Covid measures. Further business support has been agreed, but
it is clear this will not go far enough to protect jobs and livelihoods through what is set to be a difficult winter, so the Sheffield City Region is continuing to press upon Government the urgent need for more targeted, local support. In South Yorkshire, the level of people
4 CHAMBERconnect Autumn 2020
he impact of coronavirus cannot be underestimated for people and businesses across South Yorkshire. The current crisis
claiming unemployment-related benefits is now higher than it was in the depths of the recession that followed the 2008 financial crisis, and it is having a particular toll on young people. Workers aged under 25 are more than twice as likely to have lost their job in the past two months compared to those aged 26 and over, and have also experienced a greater fall in earnings compared to the wider working population. These are our future innovators, business owners and leaders, and it is clear we urgently need to invest them and invest in opportunities for them. That is why the Sheffield City Region
submitted to the Government’s Comprehensive Spending Review (CSR) outlining a package of transformational business investments, that backed in full would deliver up to 34,000 jobs, back 30,000 businesses to grow and thrive, help 22,500 people get back into work, and train 14,000 apprentices and adults. This built on the £1.7bn Renewal Action Plan put to Ministers in the summer, where we called on them to give us the resource needed to help our people, employers and places bounce back from the
immediate challenges posed by Covid. South Yorkshire is home to great businesses
capable of growing and creating jobs and training opportunities, but this will only be possible through investment in upskilling our workforce, building the infrastructure needed to connect people to places and opportunities, and making money available to local leaders to be spent where it will have the most impact. Now is the time to invest in our region, develop our strengths and support our businesses to recover, grow and thrive. In these challenging times businesses need to
adapt and innovate, something that is synonymous with South Yorkshire, but there is no one-size-fits-all approach and some need more support than others. With different sectors and people experiencing Covid in different ways, the Local Enterprise Partnership, through the Sheffield City Region Growth Hub, is offering support to businesses of all sizes and across all industries, helping to navigate the support that is available.
Visit
www.scrgrowthhub.co.uk
...to Chamber Connect
‘Now is the
time to invest in our region’
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