 |
answer text |
<p>The Industrial Strategy is our long-term plan to boost productivity by backing
businesses to create high-quality, well paid jobs throughout the United Kingdom, with
investment in skills, industries and infrastructure. The Government is supporting
businesses in both the Yorkshire and Humber and Haltemprice and Howden constituencies.
For example, the Government-backed British Business Bank’s Start-Up Loans programme
provides loans to entrepreneurs seeking to start and grow their own businesses. Since
2012, 5,482 loans have been issued in the Yorkshire and the Humber region, totalling
over £45m, and with an average loan amount of £8,249. In the Haltemprice and Howden
constituency, 103 loans have been issued, totalling £926,277 (as at end-June 2019).</p><p>The
Industrial Strategy Challenge Fund, which brings together world class UK research
with business investment to develop the technologies that will transform existing
industries and create entirely new ones, has allocated to date £49,970,387.29 grants
to establishments registered within Yorkshire and Humber.</p><p>The Government is
investing over £1.3 billion through Yorkshire and Humber Local Enterprise Partnership
Growth Deals This is providing financial assistance to local businesses to help create
jobs, as well as improving infrastructure and skills. It has also established Enterprise
Zones across the region, including the largest award in the country to the Humber,
which are attracting business investment and new jobs to the region.</p><p>Also, £13.6m
has been awarded through Local Growth Funding for projects in this area to safeguard
jobs from flood risks and for road improvements.</p>
|
|
