SCR Funding Secured for Langold Investment

SCR Funding Secured for Langold Investment

Bassetlaw District Council has secured a grant of £135k to fund a key regeneration project as part of the latest Local Growth Fund schemes from the Sheffield City Region.

The Council is proposing to create four new industrial units at its existing industrial site on Harrison Drive in Langold that will bring new businesses and jobs into the district, as well as providing the opportunity for existing businesses to expand.

Along with an investment of £178k from the Council, the proposed four units will add to the 10 units currently in use on Harrison Drive.

Cllr Simon Greaves, Leader of Bassetlaw District Council, said: “We’re delighted that Sheffield City Region has approved this funding that will help to create four new industrial units and provide new and existing businesses with the opportunity to expand and create additional jobs.

“We hope to start work on this project in early 2019 and together with a substantial level of investment from ourselves, we look forward to helping more businesses in our district to grow.”

The Local Growth Fund is government funding awarded to Local Enterprise Partnerships (LEPs) for projects that benefit the local area and economy. The grant was agreed as part of a £10M funding package at the latest meeting of the SCR Mayoral Combined Authority.

Sir Nigel Knowles, chair of the SCR LEP, said: "This project in Langold is a great example of how the public and private sector work together in the SCR to get things done. Our ability to work collaboratively, in a straightforward and practical way, is one of the real drivers for growing investor confidence in our region.”

Last Updated on Wednesday, January 16, 2019