Nick Clegg Launches City Deal for Coventry & Warwickshire


Liberal Democrats are creating new jobs and boosting businesses in Warwickshire. Nick Clegg: “This City Deal marks the beginning of a new era of growth and prosperity in Coventry and Warwickshire".

Taken from the Coventry Telegraph:

Thousands of jobs could be created in a major boost for industry which Deputy Prime Minster Nick Clegg predicted would launch “a new era of growth and prosperity in Coventry and Warwickshire”.

The “city deal” is expected to create more than 15,000 new jobs by 2025, including 8,800 in the advanced manufacturing and engineering sector.

It was announced today following negotiations involving local authorities, Government Ministers and Coventry Local Enterprise Partnership, which brings together councils and business leaders.

Measures include a new advice centre for businesses seeking advice or finance. It will be called the Support Clearing Houses and will bring organisations such as Chambers of Commerce, UK Trade & Investment - the national body which helps firms to export overseas - and finance specialists under one roof, at Cheylesmore House.

There will also be further expansion of an automotive industry test track and R&D facility at Fen End near Kennilworth, Warwickshire. This expansion will use £559,000 from Government to unlock £17 million of private investment.

A new Shared Apprentice Scheme will allow apprentices gaining work-based training in a number of small and medium-sized enterprises.

Mr Clegg said: “This City Deal marks the beginning of a new era of growth and prosperity in Coventry and Warwickshire. It has the genuine power to change the fortunes of people across the region by creating new jobs and boosting businesses.”

Nuneaton MP Marcus Jones said: “This is fabulous news and an endorsement of the progress we have made in manufacturing in our area over the last few years with the likes of Jaguar Land Rover, BMW and MIRA.

“Skills are vital for the manufacturing supply chain as we go forward so it’s great to see that the Government are backing these measures.”

Coventry and Warwickshire Local Enterprise Partnership chair Sir Peter Rigby said: “There is a myriad of advice and support out there, but it is a very cluttered and confusing landscape and we believe that puts many companies off or directs them wrongly.

“That inhibits their ability to gain the support they need and therefore hampers growth.

“The Clearing House will cut through all that and ensure companies are directed to the relevant support, quickly and accurately.”

Article at: http://www.coventrytelegraph.net/news/coventry-news/thousands-new-jobs-coventry-warwickshire-6397896?utm_medium=twitter&utm_source=twitterfeed


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