• UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
NewsExplored
  • UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
  • Facebook

  • Twitter

  • LinkedIn

  • Tumblr

  • RSS

UK

NORTH REVAMP: Theresa May to unveil £556MILLION plan to rebalance North-South divide

NORTH REVAMP: Theresa May to unveil £556MILLION plan to rebalance North-South divide
Newsexplored
23rd January 2017
8
SHARES
ShareTweet
SubscribeRedditGoogleWhatsappStumbleuponPinterestDiggLinkedinTumblrTelegram
Views:
5

Theresa MayGETTY

Theresa May will unveil her £556million plan later today

As part of her Modern Industrial Strategy plan – designed to kickstart a technology boom in the North of Britain – the Prime Minister claimed she will slash red-tape and use cash injections to bolster the region.

Theresa May’s ten point plan is part of her greater ‘Plan for Britain’ on how the UK can thrive outside of the EU – starting with asking businesses what bureaucracy affects their organisations.

Mrs May has promised that the Government will play an active role in supporting business development and will help to improve infrastructure and investment in innovation.

New “sector deals” and investment to support “industries of the future” will be pushed through in the area to create high-skilled, high-paid jobs.

The Prime Minister said: “The Modern Industrial Strategy will back Britain for the long term: creating the conditions where successful businesses can emerge and grow, and backing them to invest in the long-term future of our country.

“It will be underpinned by a new approach to government, not just stepping back but stepping up to a new, active role that backs business and ensures more people in all corners of the country share in the benefits of its success.”

Cabinet meetingGETTY

Theresa May will hold a cabinet meeting in the North West

The new boost to the Northern Powerhouse project, long supported by former Chancellor George Osborne, will include developing a new Goole transport hub, a new conference centre and hotel in Blackpool and a £10million cash boost to help small and medium sized businesses in Greater Manchester and Cheshire.

data-ad-format="auto">

An estimated 5,200 jobs will be created in Sunderland with the construction of the International Advanced Manufacturing Park, while flood reinforcements in Bradford, Calderdale, Craven, Kirklees and Leeds will help safeguard 11,000 jobs and 1,300 businesses.

And among the eleven councils to be granted the £556million as part of the deal, Greater Manchester will be been gifted with £130.1million, Liverpool City Region £72million and Leeds City Region £67.5million.

May's Brexit speech: Europe reacts
Tue, January 17, 2017

Politicians and celebrities tweet their reaction as Theresa May unveils her 12 point plan for Britain leaving the EU.





Play slideshow

The British Prime Minister Delivers Her Brexit Speech Getty Images

1 of 9

The British Prime Minister Delivers Her Brexit Speech

Business & Energy Secretary Greg Clark said: “This is an important step in building a modern, dynamic industrial strategy that will improve living standards and drive economic growth across the whole country.

“A modern British Industrial Strategy must – build on the UK’s strengths and extend excellence into the future; close the gap between the the UK’s most productive companies, industries, places and people and the rest; and ensure we are one of the most competitive places in the world to start and grow a business.

“We are inviting businesses and workers to contribute to this vision to help us create a high-skilled economy where every place can meet its potential.”

Greg ClarkGETTY

Greg Clark hailed the new plans

Bosses welcomed the Government’s green paper outlining the cash injection.

Terry Scuoler, CEO of EEF, the manufacturers’ organisation, said: “This is an important first step towards creating a comprehensive, consistent and long-term industrial strategy that will help Britain adjust to a more globally-focused, post-Brexit economy.

“Manufacturing has a key role to play and we look forward to working with the government on crystallising this into a strategic framework that will work and deliver for industry.”

Original Article

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Share on Skype (Opens in new window)

Related

Related Items556millionnorthrebalancerevamptheresaunveil
UK
23rd January 2017
Newsexplored @newsexploredweb

Related Items556millionnorthrebalancerevamptheresaunveil

More in UK

  • Read More
    How did debut artist Olivia Rodgrigo break chart records?

    Views:5 By Mark SavageBBC music reporter image copyrightOlivia Rodrigo / Instagram image captionThe newcomer’s single overtook Ed...

    Newsexplored 23rd January 2017
  • Read More
    Wales bringing in new safety rules for shops

    Views:5 media captionCovid lockdown: Are supermarkets following the rules? New laws for shoppers and staff are to...

    Newsexplored 23rd January 2017
  • Read More
    Wayne Rooney: Derby County confirm ex-England captain as manager

    Views:5 Wayne Rooney officially joined Derby in a player-coach role in January 2020 Championship side Derby County...

    Newsexplored 23rd January 2017
  • Read More
    In pictures: Winter scenes from around the UK

    Views:5 As temperatures drop in parts of the UK, we look at some of the most striking...

    Newsexplored 23rd January 2017
  • Read More
    Newspaper headlines: Infection rate ‘hope’ – but care home cases rise

    Views:5 By BBC NewsStaff image captionThe Daily Mail carries a note of optimism on its front page,...

    Newsexplored 23rd January 2017
  • Read More
    Covid in Scotland: Parents’ verdicts on week one of home-schooling

    Views:5 By Debbie JacksonBBC Scotland Published 7 minutes ago Related Topics image copyrightDonna Bruce image captionQuinn and...

    Newsexplored 23rd January 2017
  • Read More
    Covid-19: Surge leaves key hospital services ‘in crisis’

    Views:5 By Nick TriggleHealth correspondent image copyrightGetty Images The surge in Covid hospital cases has left key...

    Newsexplored 23rd January 2017
  • Read More
    Australian Open: Andy Murray tests positive for coronavirus

    Views:5 Andy Murray last played at the Australian Open in 2019 – which he thought might have...

    Newsexplored 23rd January 2017
  • Read More
    Newspaper headlines: ‘Over 21m jabs now in UK’, and Trump impeached

    Views:5 By BBC NewsStaff image captionThe UK vaccine rollout makes the front of several papers. The Telegraph...

    Newsexplored 23rd January 2017
  • Read More
    Origami Yodas and animals have ‘got me through lockdown’

    Views:5 Published 2 hours ago image copyrightAlexander Ray (Eric Joisel) image captionThis origami pangolin took Alex Ray...

    Newsexplored 23rd January 2017
  • Read More
    Newspaper headlines: Hospital patients ‘sent to hotels’ and jab rollout concerns

    Views:5 By BBC NewsStaff image captionThousands of hospital patients are going to be discharged early and sent...

    Newsexplored 23rd January 2017
  • Read More
    Covid in Wales: Online education ‘patchy and inconsistent’

    Views:5 By Bethan LewisBBC Wales education and family correspondent image copyrightGetty Images image captionWales’ future generations commissioner...

    Newsexplored 23rd January 2017
Scroll for more
Tap
data-ad-format="auto">
NewsExplored

NewsExplored - Making sure all the latest news is explored?

Contact us for help

  • Popular

  • Latest

  • Comments

  • Trump pardons two convicted by Russia investigation
    USA23rd December 2020
  • New coronavirus variant: What do we know?
    UK20th December 2020
  • Kieran Trippier suspended for 10 weeks over breaches of betting rules
    Sports23rd December 2020
  • The Papers: UK and EU on ‘verge’ of Brexit trade deal
    UK23rd December 2020
  • Joe Biden unveils $1.9tn US economic relief package
    USA15th January 2021
  • How much can Joe Biden get done on the US economy?
    USA14th January 2021
  • Could Liz Cheney spark a revolt?
    USA13th January 2021
  • Trump National stripped of 2022 US PGA Championship
    USA11th January 2021
  • Les Rehrer says:

    Hello Its me :P and thanks for this post

  • optumrx login says:

    Thank For News.

  • Kent Laatsch says:

    Please let me know if you're looking for a writer…

  • Bob says:

    RT News was where I learned that Erdogan controlled isis.…

Copyright © 2018 Top News Theme. Theme by MVP Themes, powered by Wordpress.

MERKEL’S NIGHTMARE: Germany admits saving EU will be a ‘MAJOR STRUGGLE’, thinktank claims
Fury as Lee Rigby killer seeks £20,000 in compensation after losing two teeth in prison
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok