Tag Archives: Investment

£1.5bn investment plan to transform Sheaf Valley

A massive £1.5bn redevelopment project in the Sheaf Valley is being proposed by Sheffield Council, linked to HS2 and and extending from St Mary’s Road to Park Square. The plan includes moving the Sheaf Street dual carriageway out to the current tram route, demolishing the Park Square roundabout and investment in new offices, leisure facilities and public spaces around Sheffield station. The Sheffield Valley project will be one of the biggest council led redevelopment schemes with up to £1bn sought from the private sector and other funding coming from government, Sheffield City Region, HS2 and other partners. Sheffield Live! reporter Azz Mohammed spoke to Councillor Mazher Iqbal cabinet member for business and investment.

Prime Minister promises more cash for the North

Boris Johnson, speaking at the Convention of the North in Rotherham, has announced he will set up a new body to bring more investment to the north of England. The Prime Minister also promised more money for schools, pension investment and faster broadband. Baillor Jalloh reports for Sheffield Live!

New Era Square launched to the public

A multi-million pound investment that developers hope will be the Times Square of Sheffield has been part opened after completion of the first pase of development. New Era Square, in Boston street, consist of a mix of shops, restaurants and student accommodation. Baillor Jalloh reports for Sheffield Live!

Council plans Attercliffe area development

Councillor Mazher Iqbal, cabinet member for business and investment, has spoken to Sheffield Live! about ambitions to develop the Attercliffe neighbourhood. While city centre developments are proceeding at a pace, the Attercliffe area, which includes the listed Adelphi building, has seen little recent investment. Azz Mohammed reports for Sheffield Live!

Council to invest £1.5 million in Sheffield parks

Community parks and play facilities are set to benefit from £1.5m funding by Sheffield City Council over the next three years. A recent parliamentary inquiry highlighted a countrywide crisis in community parks, with declining facilities and under-investment. The majority of the funding will come from the city’s public health budget, with a focus on reducing gaps in health-related deprivation across the city. It is also expected to lead to the creation of new jobs. Sheffield Live! reporter Baillor Jalloh spoke to councillor Mary Lea, cabinet member for culture, parks and leisure.

Discounted starter homes to be built in Sheffield and Rotherham

The government has confirmed funding for thousands of homes to help first-time buyers get on to the property ladder with Sheffield and Rotherham among 30 local authority partnerships selected. The investment is part of the £1.2bn “Starter Homes Land Fund” for new developments on brownfield sites. Starter Homes are new homes built exclusively for first-time buyers between 23 and 40 years old at a discount of at least 20% below market value. The first properties are due to go on sale in 2018. Baillor Jalloh reports for Sheffield Live!

Council seeks proposals to transform ‘ski village’ site

Sheffield City Council has confirmed it is seeking a developer to transform the derelict site at Parkwood Springs into a “nationally-significant attraction”. The artificial ski slope was closed after a fire in 2012 and the facilities destroyed by a plague of arson attacks. The council now owns the former ski village site land and is set to test the market by asking investors and developers to bring forward ideas for the wider area as an urban country park or activity centre. An initial study suggests the site is a “viable business opportunity” that can contribute to Sheffield’s reputation as The Outdoor City. Sheffield Live! reporter Simon Thake spoke to Neil Schofield,  chair of Friends of Parkwood Springs.

 

Greystones residents seek Bingham Park improvements

Residents in Greystones have set up the Bingham Park Community Group to restore the community park’s sports facilities. The group are expecting the council to spend around £70,000 on rejuvenating two of the nine tennis courts but they believe more investment is needed to restore all of the sports facilities. Baillor Jalloh reports for Sheffield Live!

Key Fund launches £10m fund to support 300 social enterprises

Key Fund, the North of England’s specialist social investor, has launched a new £10m fund to invest in 300 social enterprises over the next three years. Founded in 1999, the Sheffield-based Key Fund has supported thousands of social enterprises to deliver positive social impact in communities across the North and Midlands. Social enterprises supported can operate across any sector, and could be as diverse as new artists, reducing homelessness, recycling projects and community-run pubs. The new £10m fund includes loan and grant investment packages of up to £150,000 per business. Key Fund have also secured a £4.5m finance arrangement from Big Society Capital, to support general investment activity. Sheffield Live! reporter Simon Thake spoke to Matt Smith, chief executive of Key Fund.

Big Investment Project launches

Business leaders have launched a new investment project to help Sheffield’s economy. The Big Investment Project aims to bring new opportunities for people and businesses in South Yorkshire and the North Midlands. David Richards spoke to David Thurkettle, the incoming President of Sheffield Chamber of Commerce, at a special launch event at Sheffield’s Millennium Galleries, held in the run up to this year’s MADE: The Entrepreneur Festival.

Reporting by David Richards and Rachel Vine.