The funding aims to support innovation, boost businesses and create jobs across local economies and bring economic benefits to the wider area which will be felt beyond the area’s boundaries.
James Wharton, Local Growth and Northern Powerhouse Minister, said the funding would give a chance for people to contribute more to the national economy and unlock local potential.
“It will ensure we can build up local economies around the country and the Northern Powerhouse that will have a big and real and positive impact on people’s lives, delivering more jobs, more opportunities and a better future for all,” said James.
Around £5bn is being made available from the 2014 to 2020 round of the European Regional Development Fund and the European Social Fund for local projects.
“We want local partners to come forward with how they want to use this money to drive forward their economy,” added James.
“As part of our long term economic plan this money will provide a big boost to businesses and help create numerous jobs locally that will also benefit people living in towns and villages nearby.”
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