Thomas Bridge 04 July 2014

Osborne announces support for ‘northern powerhouse’

Chancellor George Osborne has backed plans for a ‘northern powerhouse’ with a package of funding to support Liverpool’s science and transport infrastructure.

Revealing a £34.4m transport investment as part of the Atlantic Gateway project, Osborne said the funding would build stronger connections between Liverpool and Manchester while creating 250,000 jobs by 2030.

The news came as a further £22.5m of Government funding was allocated for business growth in the North East, with particular focus on rural communities in the five years from 2015.

‘Our long term economic plan is about delivering jobs and growth across all parts of Britain, and three quarters of the net new private sector jobs created since 2010 have been outside London. But there is more we need to do,’ Osborne said.

‘Today I take the next step to build a northern powerhouse. I said we would back key infrastructure and science. Today I do that with £35m in transport upgrades for the Atlantic Gateway and a new University Enterprise Zone in Liverpool.’

The University of Liverpool and Liverpool John Moores University was named as one of four such growth hubs across the country, receiving £5m in Government match funding. Further zones were announced for Bradford, Bristol and Nottingham.

Provost Professor Stephen Holloway, who led the bid from the University of Liverpool, said: ‘Creating a new space where ideas from our sensor research laboratories can be transformed into new start-ups is a very exciting prospect for both Universities and provides great opportunities for our students and staff.’

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Democratic Services, Elections & Monitoring Officer

Harborough District Council
Grade 12 £67,236 – £71,223 plus £3000pa Statutory Officer Allowance
We are looking for an accomplished and proactive leader for our vacant post of Head of Democratic Services & Elections Market Harborough, Leicestershire
Recuriter: Harborough District Council

Social Worker - Family Support and Safeguarding - Bicester Banbury

Oxfordshire County Council
£37035 - £47754
You will manage a caseload tailored to your experience, ensuring that children’s and their families’ voices are heard, and their needs are met. You will work with families using the FSP Workbook modules, and a strengths-based approach, ensuring the As Bicester
Recuriter: Oxfordshire County Council

Executive Director of Resources & Governance (S151 Officer)

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council

Executive Director of Homes, Communities & Environment

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council

Executive Director of Strategy, People & Transformation

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council
Linkedin Banner