Four projects, involved in the space industry, food sector, and the development of HS2, will form the new East Midlands Manufacturing Zones, communities secretary James Brokenshire has announced.
Melton Mowbray, Space Park Leicester, and areas across North Derbyshire and Greater Lincolnshire will together benefit from a total of £500,000 funding to develop their plans.
Brokenshire said the investment built on “existing strengths” in space, food and advanced manufacturing across the region and would help “important sectors to flourish and boost economic growth and jobs in the Midlands Engine”.
The East Midlands Manufacturing Zones aim to reduce planning restrictions to allow land to be used more productively and provide certainty for business investment.
Brokenshire said: “Manufacturing, innovation and trade are at the heart of the East Midlands economy, so it is the perfect place for the UK’s first Manufacturing Zones. This is another example of how the government is delivering for the Midlands with our modern Industrial Strategy backing local businesses and building on local strengths.”
The government’s Midlands Engine strategy is supporting the East Midlands to realise its “huge potential”. Initiatives including over £1.9bn of funding from the Local Growth Fund and an investment of £20m the Midlands Skills Challenge to boost people’s employment prospects are aimed to enable businesses to create more jobs, export more goods and services and grow their productivity.