A multi-million-pound funding boost for Sheffield’s ‘Knowledge Gateway’ from the Sheffield City Region Local Enterprise Partnership (LEP) is set to create 2,863 jobs, almost 500 homes, and grow the regional economy by £158million.
The LEP is contributing £4,115,000 in infrastructure funding to transform a major corridor of the city centre running from the Cultural Industries Quarter up to the historic Fitzalan Square. The work, in an area which has significant potential for growth, will bring the Knowledge Gateway up to the same high standard as the Sheffield city centre Gold and Steel Routes.
The Gateway improves links between key destinations including the Cultural Industries Quarter, the Digital Campus, and Sheffield Hallam University campus. Key rundown streets will also be transformed, including Fitzalan Square, Sheffield’s main public space in Edwardian times.
The work will support development on Sheffield Hallam campus and increase the attractiveness of living and working in the Cultural Industries Quarter. It is due to start next May and will take about a year to complete.
Sir Nigel Knowles, Chair of the CA’s Local Enterprise Partnership, said: “This is a wonderful scheme which will benefit the whole of the City Region. It will make the corridor a much more pleasant place to use and visit, and even to live in. In turn this will encourage investors and boost jobs and connectivity.
“I am delighted that we are backing a scheme which will generate such benefits. The City Region has a strong business culture and we know that an excellent quality of life, which we work hard at, is important to investors and creating growth.
“We have an enviable reputation here for getting things done and our strong work ethic reinforces the hard work of our partners across the City Region.”