Huddersfield area to benefit from latest allocation from Government's Levelling-up Fund November 20, 2023

Huddersfield Open Market is based around its Victorian former wholesale market buildingAn allocation of £47.9m has been made for an upgrade of the Penistone LineHuddersfield is set to benefit from part of a Government spread of £1.1 billion in the third round of allocations from its Levelling-up Fund announced on Monday November 20, 2023.

The money will be spread across 55 projects which have been provisionally selected by the Government. The Levelling-Up projects are in places across Britain, outside London, from Torbay in the south of England, across Wales and the North of England to Moray in the north of Scotland.

Among the projects is the Huddersfield Open Market Regeneration Project which is set to receive just under £16.65m.

There will also be £47.9m for an upgrade of the Penistone Line. The upgrade aims to help reliability of rail travel between Sheffield and Huddersfield. The funding will also help provide enhanced station facilities such as electric vehicle charging points, car clubs, cycle hire and parcel delivery lockers.

Making the announcement, Levelling up Secretary Michael Gove said: "Levelling up means delivering local people’s priorities and bringing transformational change in communities that have, for too long, been overlooked and undervalued."

• Meanwhile, the Government also announced on the same day that West Yorkshire would be the third of its 'Investment Zones' — one of 12 to eventually be rolled out across the UK. The West Yorkshire Life Sciences Investment Zone will be based around universities in Leeds, Bradford and Huddersfield and a cluster of life sciences businesses. The zone could unlock over £220 million of investment over five years, supported by Government funding and tax reliefs.

Chancellor of the Exchequer Jeremy Hunt, visiting Huddersfield business Paxman Coolers Ltd to make the announcement, was also confirming the Investment Zones programme in England would be extended from five to 10 years.

The Government announced its first Investment Zone in South Yorkshire back in July with the news that investors, developers and start-ups would be offered support and financial help to start, scale up and relocate businesses there. The first investment announced was a £80m-plus research project led by USA aircraft giant Boeing into manufacturing lightweight structures for aeroplanes.

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