The £108.5 million Oxfordshire Growth Deal, announced last summer, has now been formally signed by the Minister for Universities, Science and Cities, Greg Clark MP. It will create thousands of new jobs, provide much needed housing and will generate more than £200 million in pubic and private investment.
Nicola joined the Minister, leaders of the Oxfordshire Local Enterprise Partnership and the County Council at Abingdon & Witney College to welcome the signing of this landmark deal. For the first time ever, infrastructure, housing, and other funding is being brought together in a single pot, and put directly into the hands of local authorities and businesses to invest with their knowledge of what is needed in their area to maximise their potential economic growth.
The deal includes:
Nicola says The Growth Deal is great news for all local people, bringing together key investments in major projects such as transport infrastructure, our growing skills sector and flood defences, that will make such a difference across the county.
Our local economy is going from strength to strength, and this will ensure we keep this momentum going as Oxfordshire remains ahead of the game on employment and business growth.