Initial preparations have begun to deliver the projects secured through the £200 million Growth Deal last month. The Deal included £21 million of new funding for 2015/16, and the LEP has already begun work to ensure that progress can be made as soon as possible once the funds are received in April 2015.
This funding will have a transformational effect on Hertfordshire’s economy – helping to deliver 16,000 additional homes, over 12,000 new jobs and boosting the county’s economic output by £3 billion by 2030.
The Growth Deal will focus on four priorities:
1. Enabling flagship sites for housing and employment
2. Enhancing transport connectivity across the area
3. Growing the skills base
4. Creating jobs and supporting core sectors
Check out our new infographic for more information about how the funding has been allocated.