29/01/2015

£58m Govt Funding Announced To Support New Jobs

The Mayor of London has welcomed £58m of new Government funding that his team will use to help create thousands of new jobs.

The money will be spent on developing schemes that will help the capital's employers generate new jobs and provide Londoners with the skills to fill them.

Providing the jobs and skills to support soaring population levels in the capital is crucial and the new funding is on top of a £236m 'Growth Deal' for London that was signed off with the Government last year. The London Enterprise Panel, which is chaired by the Mayor, is at the heart of those plans and they will now consider where best to allocate the new funds, which have the potential to support up to 2,400 new jobs.

Mayor of London and Chairman of the London Enterprise Panel, Boris Johnson, said: "This extra cash will deliver real change and new opportunities in communities across the capital. We've got some fantastic proposals in the pipeline that will not only reinvigorate our town centres and colleges, but help people to learn, earn and fill thousands of new jobs."

The Growth Deal for London runs for six years from 2015 to 2021. With the new funding in place the Deal has the potential to generate a total of £190m of new public and private investment in London and up to 8,000 jobs. Of the £58m announced today, around £38m will be used to support colleges and further education in the capital. The remaining £20m will be used to support the creation of new jobs on the capital's high streets. The Government plans to make another £5bn of funding available nationwide over the period of the Growth Deal and London will be bidding for a share.

(CD/JP)

Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.

10 February 2015
Purepipe To Create Six New Jobs
Belfast-based Purepipe is investing £250,000 and creating six new jobs as part of plans to boost sales in Great Britain and the Republic of Ireland. Invest Northern Ireland has offered the company £45,000 towards its expansion which involves investing in new state-of-the-art specialised pipe manufacturing equipment needed to target new business.
10 December 2012
IT Firm Creates 100 New Jobs
Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD, today announced that Mandiant, a specialist provider of IT security solutions is to establish an engineering and security operations centre in Dublin with the creation of 100 new jobs.
28 August 2014
Electrical Firm Announces 20 New Jobs
Enterprise, Trade and Investment Minister Arlene Foster has announced 20 new jobs at G R White & Son based in Tempo, Co Fermanagh. The award winning electrical contracting company currently employs 35 people, providing a wide range of services.
17 May 2012
200 New Jobs For Galway Medical Firm
Leading medical devices firm Merit Medical Systems has created 200 new jobs. The first, which makes products for use in cardiology, radiology and endoscopy, is to take on the new staff at its 20 million euro facility in Parkmore business park in Galway.
22 June 2006
Combilift To Create 100 New Jobs
Irish Minister for Enterprise, Trade and Employment Micheal Martin officially opened the new 10 million euro headquarters of Irish company Combilift in Monaghan town, which will create 100 new jobs over the next three years bringing total staff numbers to 250.