Sheffield has always been an excellent location for businesses of all sizes. As well as being the UK’s fourth largest city, with all the opportunities that creates, it has always been at the forefront of manufacturing innovation.
That fact has been recognised by the government’s decision to locate the UK’s first Investment Zone in South Yorkshire. This will not only bring vital new products and services into the region, but it will also create exciting new opportunities for existing manufacturing companies in Sheffield.
The Investment Zone is expected to create 8,000 new jobs for South Yorkshire and bring in £1.2bn worth of private investment by 2030.
An £80m Government investment will help the region ‘build on strengths’ to boost the UK economy and make South Yorkshire the best place to start, scale or relocate a business.
Driving Sustainable Growth
Sheffield City Council Leader, Cllr Tom Hunt said: “The Investment Zone will unlock new opportunities and drive sustainable economic growth in Sheffield and across South Yorkshire.
“Sheffield is home to world-class research and development centres, global manufacturing firms, and start-ups and scale-ups that thrive in a city which nurtures innovation. The Investment Zone will build on these foundations. It will connect big businesses to local supply chains and help us achieve long-term, sustainable growth for Sheffield.
“It is fantastic that South Yorkshire is the first Investment Zone to be announced in the UK. In Sheffield and our region, businesses and researchers are at the cutting edge of new developments in advanced manufacturing, green aerospace, advanced health and wellbeing, clean energy, and the digital sector. The investment zone will provide new opportunities to scale up businesses and create new opportunities for jobs and further investment.”
Even More Support For Local Companies
Manufacturing companies in Sheffield and across the region already have access to a wide range of funding and development opportunities. The Made Smarter campaign is a national programme for manufacturers, producers, and makers, which helps them access funds to innovate using digital technologies.
With two universities in the city, we are fortunate to be well-served with leading academics and innovation hubs. Now the newly announced Advanced Manufacturing Innovation District will bring together academia and industry to further revolutionise manufacturing.
We love Sheffield as a place to work and live and we are delighted that this latest investment will encourage even more people to explore what the city and the wider county has to offer.
Sources: www.sheffieldbusinesspark.co.uk and southyorkshire-ca.gov.uk.