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06 February 2017

£20m cash boost to help create local jobs and growth in Buckinghamshire

The Communities Secretary has announced a multi-million pound cash injection that will boost local jobs and enterprise in Buckinghamshire Thames Valley.

As part of the £12 billion Local Growth Fund, the Buckinghamshire Thames Valley Local Enterprise Partnership (BTVLEP) will receive £20.48 million in funding to allocate to projects that will boost productivity in the area.

MP Sajid Javid's announcement forms part of a bout of £492 million in funding to eight local enterprise partnerships across London and the South East.

Mr Javid said: "As part of efforts to deliver an economy that works for everyone, the government is equipping local people with the resources they need to boost growth in their area.

"This new money will give businesses across the region the support and opportunities they need to achieve their potential."

The latest funding is on top of the £53 million already awarded to the Buckinghamshire LEP.

The Local Growth Fund aims to help create jobs, support businesses and spread growth more evenly across the UK.

Andrew M. Smith, Chairman of Buckinghamshire Thames Valley Local Enterprise Partnership, says the group are "delighted" with the announcement.

He said; "The funding will enable us to build on the significant potential of internationally recognised high growth sectors which have strong historical roots in the county.

"This new investment sends a very positive message to existing businesses and inward investors that there is an ambition and appetite to grow the economy of Buckinghamshire."

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