Already cock a hoop having been awarded the UK City of Culture for 2017, there was more good news for Hull a couple of days ago, as it was announced that it will benefit from the approximate £107 million regional funding being awarded to the East Yorkshire and North Lincolnshire area.
The icing on the cake is the fact that the government says the total investment will grow to £358m, with additional money coming from the public and private sectors. Money will be spent on flood defences, improving transport links and training projects, all of which will undoubtedly provide a knock on benefit for the expanding tourism industry. The two years' worth of funding starts in 2015. |
| Hull is certainly on an economic roll at the moment |
The money
is the first instalment of £12bn the coalition is investing nationally in a
series of local "Growth Deals", with the government saying that the
investment could create 6,000 local jobs and safeguard 3,000 others.
Top
priority for Hull will be the £4 million set aside towards building a
footbridge over the A63 Castle Street in Hull to connect the city centre with
Hull Marina. More than £7.5m will be invested in electrifying the Hull to Selby
rail line, if the Department for Transport approves the scheme
With
regard to Lincolnshire, funding will be put towards protecting a planned
6,000-home development near Scunthorpe. In December, parts of the region were
flooded following a tidal surge along the Humber Estuary.
Lord
Haskins, chair of the Humber Local Enterprise Partnership, said the region had
done better than the rest of the country in the amount of funding it had
received. "We asked for rather more, "he said.
"We got half of
what we asked for, whereas the rest of the country got only a third of what it
asked for. So there is a recognition
that there is greater need, if you like, for public expenditure in this
area."
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