£25m extra for Enterprise Zone
BRISTOL is to get an extra £25 million of government funding to spend on its new Enterprise Zone, the Post can reveal.
The money is being made available under the Regional Growth Fund and was being announced by Deputy Prime Minister Nick Clegg today.
The West of England Local Enterprise Partnership was one of the first to be created in the country and is behind the scheme to improve the area around Temple Meads station.
The aim is to attract new firms to the area, creating thousands of new jobs.
The plans include a new indoor arena along with new housing, buildings and offices. Around 130 projects across the country will benefit from £1 billion released from the Regional Growth Fund, which is expected to attract £6 billion of private sector investment.
Mr Clegg said the projects were selected from more than 400 applications and will safeguard or create 240,000 jobs, in addition to 300,000 from two previous rounds of the fund.
Steve Radley, director of policy at EEF, the manufacturers' organisation, commented: "Today's announcement will help stimulate investment and create jobs in manufacturing around the country."