Councillors to discuss regional economic and business update at next meeting

​Date: 04/11/2014
PR4767

Decision-makers at the Council will discuss a new report highlighting the development of the district's economy at their next meeting on November 11.

Members of the Cabinet will consider the Leeds City Region City Deal, which brings together Leeds and its partner councils, including Wakefield, to jointly address key issues across the region such as transport, regeneration and business investment.

Cllr Denise Jeffrey, Cabinet Member for Economic Growth and Skills said: "The Leeds City Region City Deal is a key part of Wakefield Council's plan to improve the long-term economic future of the district and contribute to the regeneration of the region.

"The new report is highlighting the benefits this partnership is bringing, and I am pleased that it demonstrates the tremendous progress that is already being made."

Highlights from the new report show Wakefield is on track to create 300 new apprentice places in (SME) small and media sized enterprises.

Since 2013 as much as £2.5m of grants have been secured for Wakefield businesses, as well as 162 jobs created through the Business Growth Scheme.

Over 4,000 homes and businesses in Wakefield now have superfast broadband.

The Council is in advanced stage of a bidding process for £33 million to construct the new Wakefield East Relief Road, which aims to reduce traffic congestion. A decision on this is due in December.

Members of the Cabinet will be asked to note the findings of the report at their meeting.