LEP stimulus for economic recovery in Dorset

Wednesday 5th August 2020

£11.8 m has been secured by Dorset LEP for investment in the county and will be targeted to help stimulate local economic recovery and create new jobs. The money, obtained from the Getting Building Fund (GBF) will be aimed at uplifting skills and healthcare provisions as well as enhancing physical and digital infrastructure. This sizeable investment should significantly help Dorset LEP’s plans for recovery and resilience in the county whilst also bringing about improved productivity. For the full story please read the bulletin below, issued by Insider News today. 

Roger Mundy, Managing Director, Beardsley Theobalds 5th August 2020

 

 

 

LEP takes steps to stimulate economic recovery 

Dorset LEP has secured £11.8m to invest in the region, with the aim of helping to stimulate local economic recovery and create new jobs.  

The Getting Building Fund will enable a Dorset-wide uplift to skills and healthcare provision as well as enhanced physical and digital infrastructure.

Jim Stewart, chair of Dorset LEP, said: "This is a fantastic investment in Dorset from government at a much-needed time. This funding will enable capital projects linked to Dorset’s Local Industrial Strategy to be delivered quickly, bringing essential jobs and resources to our community which will accelerate growth in Dorset and help mitigate the economic impacts of Covid-19.” 

Investment will be made in community rehabilitation initiatives as well as a brand new University Centre and Rural Business Development Hub. This funding will also facilitate tackling poor social mobility in some of Dorset’s most deprived areas through a Higher Education Centre and will provide digital infrastructure to deliver online training for skills required in the workplace 

Funding will also accelerate the Institute of Biomedical Materials & Tissue Engineering Research, and support training as well as enable digital interventions in the remote management of long-term conditions and expand clinical trials capacity to fast-track innovation in medical science. 

Investment has also been prioritised for live workspaces in Poole to put culture and community at the heart of Dorset LEP’s plans for placed-based recovery and resilience while driving Dorset’s local productivity during this exceptional time. 

Plans are also in place to enhance export and import potential via the Port of Poole.