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<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 has to date awarded
over £50m to support businesses in Yorkshire and the Humber through the Industrial
Strategy Challenge Fund (ISCF), which brings together world-class UK research with
business investment to develop the technologies that will transform existing industries
and create entirely new ones. For example, we are investing in ITM Power (Trading)
Ltd in Sheffield to demonstrate the feasibility of a hydrogen economy in remote areas.</p><p>Also,
since its launch in 2012, the Start-Up Loans programme, part of the British Business
Bank, has delivered more than 5,200 loans, totalling £42.690m in Yorkshire and the
Humber.</p><p>The Government is also investing over £1.3 billion through Yorkshire
and Humber Local Enterprise Partnership Growth Deals and has established Enterprise
Zones across the region, which are both supporting the creation of higher skilled
jobs such as Siemens’ offshore wind blade factory in Hull and at the Humber Enterprise
Park in Brough.</p>
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