The Government’s City Deal unveiled for the Black Country is expected to generate £130 million in private investment for the area and create an estimated 5,800 jobs in manufacturing.
The scheme, which has been agreed with local authorities and the Black Country Local Enterprise Partnership, is also predicted to regenerate brownfield sites, create 1,500 apprenticeships in manufacturing and provide support to help 2,800 unemployed people get back into work.
The agreement includes a new Black Country Investment Fund to help develop key industrial sites, created through a £20 million government loan.
It will also see a Black Country Growth Factory set up with £3.1 million of support from the Regional Growth Fund, providing an online portal for businesses to access local and national support services, including support in the high value manufacturing sector.
