Pair of Accountants

The board of the Humber Local Enterprise Partnership (LEP) has signed off on millions of pounds worth of funding for three regional schemes that will look to boost the local economy.

Funding – worth a total of £9.5 million– was agreed at the most recent meeting of the Humber LEP. The aim of the three schemes is to restore the economic fortunes of the region in the wake of COVID-19, within a timescale of 18 months.

Prior to the meeting, it had already been agreed that the schemes would be incorporated into the existing Getting Building Fund, which represents one side of the New Deal government programme to tackle the post-pandemic economy. Now, all three will be financed via this fund, through which the Humber LEP has received £13.4 million.

The three projects are intended to create jobs and improve housing and transport infrastructure in the Humberside region. They are the Hull and East Yorkshire Highways Resilience Programme, which is focused on improvements to roads; the Delivering Housing Growth Programme, which will see more than 1000 new homes built in the area, as well as improvements to existing ones; and the Cycle Route Delivery Programme, which will upgrade current cycling infrastructure and add new facilities.

Hull City Council and East Riding of Yorkshire Council will manage the three projects, which will provide considerable work for local contractors and subcontractors in the building industry, among others. An accountant for subcontractors in South Yorkshire can help them manage their business-related finances.

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