Nearly £100m is being invested in Stoke-on-Trent and Staffordshire in the coming years, as the government continues to invest in business and transport in our area.
The Stoke-on-Trent and Staffordshire Local Enterprise Partnership has agreed the deal with the government. In July 2014, £82.3m was pledged, and today, a further £15.4m has been announced – bringing the total to £97.7m.
So, what does that actually mean for Stoke?
Leading projects being funded include:
– The construction of a new access road from the A500 to Etruria Valley to improve access to businesses and the city centre.
– Improvements to the Leek Road city centre gateway.
– Developing the city centre ring road.
According to estimates, the Growth Deal could bring up to 1,800 Jobs and up to £72m public and private sector investment to Stoke-on-Trent and Staffordshire.
Along with the exciting news of a new restaurant and leisure complex being planned in Hanley and continually improving employment rates in Stoke-on-Trent (According to The Sentinel, 44% fewer people made Job Seekers Allowance claims in December 2014 than in December 2013), the news shows that the Conservative Long Term Economic Plan is working.