The government has today agreed the landmark Hull and Humber City Deal to make the most of the area’s local strengths to create jobs and boost growth in the area.
A 25-year development plan for commercial development will be drawn up to give businesses the confidence to invest in the region in the long term.
It will also create a single point of contact for developers, to reduce the red tape and bureaucracy that can hamper growth.
Skills programmes will be specifically developed to ensure the local workforce have the right skills to take advantage of the opportunities in the energy sector. 1,100 unemployed young people will be helped into work and unemployment will be reduced across the region.
The deal has been agreed with local authorities and the Local Enterprise Partnership and will take advantage of Hull and Humber’s expertise in engineering, particularly following recent government announcements regarding the future of offshore wind energy.
Prime Minister David Cameron said: “My message to Humberside is clear – as our economy turns a corner I want to see our great northern towns and cities right at the heart of the recovery.
“This new City Deal for Hull and Humber will mean a huge boost for local jobs, giving the area greater power and freedoms and allowing local people to take more decisions on the economy for themselves.”
The Deputy Prime Minister, Nick Clegg, said: “This City Deal marks the beginning of a new era of growth and prosperity in the Hull and Humber.
“The engineering expertise in the area is among the best in the world, and this deal provides the means to improve it even more.
“As the green economy becomes ever stronger, the people and businesses of Hull and Humber can be optimistic that it will be in the vanguard of the economic recovery.”