William Eichler 17 July 2023

South Yorkshire named as UK’s first investment zone

South Yorkshire was named by the Government on Friday as the site of the first UK investment zone.

Chancellor Jeremy Hunt said the Advanced Manufacturing Investment Zone would help leverage more than £1.2bn of private funding.

He also said it would help support more than 8,000 jobs by 2030 for communities in Sheffield, Rotherham, Doncaster and Barnsley.

The Government plans to create 12 investment zones, which are areas with low tax regimes and little regulation. Each will be supported by £80m from the Government over five years.

The Advanced Manufacturing Investment Zone has already secured £80m of investment due to a partnership between Boeing, Spirit AeroSystems, Loop Technology and the University of Sheffield Advanced Manufacturing Research Centre (AMRC), according to the Chancellor.

Secretary of state for Levelling Up, Housing and Communities Michael Gove said on Friday: ‘Today’s announcement is a significant moment for South Yorkshire as it becomes the home of England’s first advanced manufacturing Investment Zone. This will help level up the region, creating jobs and boosting economic growth.’

Sign up here to receive our free daily news and jobs bulletin.

#Economic growth #Funding #Investment #Levelling up

Analysis

LocalGov to partner with LATCo Conference 2026

LocalGov confirmed as the official media partner for the LATCo Conference & Exhibition 2026, supporting the event in highlighting innovation and best practice.

Opinion

From Ambition to Action: how to turn digital vision into reality

James Towner, ArvatoConnect, argues that while public sector digital transformation is advancing, true value lies in turning ambition into measurable outcomes.

Most Popular News

Council staff demand pay rise amid rising pressures

Budget: Government to fund SEND

Auditor sounds alarm over Shropshire finances

Council assets sale could generate nearly £60k

Budget: Mayors to get tourist tax power boost

New Products

Bolton Council Upgrades 120+ School Crossings with Smart CMS Control by Lucy Zodion

NEC CONTRACTS HAS GONE DIGITAL: PAPERLESS, TO GIVE YOU MORE

Vent-Axia Delivers Social Housing a Smart Ventilation Solution Ahead of Awaab’s Law

New remotely lockable cabinet will help manage medication for people with mental health issues

UK-first tool developed by Bluesky scores areas green credentials to aid urban planners

New partnership drives improved air quality and healthier homes in social housing

ShuttleID launches 90-day free trial for local authorities

Case Studies

Acrospire Delivers Retrofit Lighting for Newbridge’s Joe Calzaghe Footbridge

Acrospire Delivers PIR-Controlled Lighting at Ruislip Lido Car Park

Spennymoor Market Place and Consett Middle Street revitalised using Thorn Lighting’s Thor Lanterns and Customisable Gobo Projectors

Acrospire Partners with Bath & North East Somerset Council to Illuminate Historic Film Location with LED Upgrade

Believ to install 22 charge points across Redcar and Cleveland

Acrospire Enhances Harlington Underpass with Energy-Saving Vandal-Resistant Lighting

Croydon Council selects integrated corporate GIS to improve efficiencies

Company Anouncements

Acrospire triumphs at the 2025 HEA Awards with Sustainable Project of the Year

TRT Lighting retrofit helps Lincolnshire County Council cut street lighting energy use by over 65%

Vent-Axia Welcomes Healthy Homes Standard

Vent-Axia Helps Tackle Condensation and Mould this World Ventilation Day

Airtech Calls For Urgent Government Action to Support Radon Awareness Week

Vent-Axia’s New Smart Fan Helps Landlords Stay Ahead of Awaab’s Law

Lucy Zodion recognised as sustainability leader with Build Back Better GREEN Award for HAWK3

Executive Director, Place and Customer

up to £179,404 per annum

Shape the Future of Essex. Drive climate action. Deliver for our communities.Essex is on the government's Priority Programme for Local Government Ref England, Essex, Chelmsford

Recuriter: Essex County Council