Spencer Drury: New Growth Deal means more jobs and security for hardworking people in Eltham

Spencer Drury has welcomed the announcement of new funding to support businesses and infrastructure in Eltham – helping local businesses to create new jobs and train more young people.


£151m has been allocated for 2015/16 to London, the Local Enterprise Partnership (LEP) for Eltham and the rest of the capital.


This money is being put directly in the hands of the London Enterprise Panel so local authorities and businesses are able to make sure it goes on the projects which will get the maximum benefit for local people, like support and advice for small and medium sized businesses, so that they can grow and create hundreds of thousands of jobs across the country.


In total over £6 billion of projects will be supported by the Growth Fund across England in 2015/16, with funding being used to deliver better roads and public transport; increase the support for small businesses and young people looking for work; and improve internet links, skills and housing availability, strengthening the local economy and backing businesses to create jobs.


Spencer commented:


‘This Growth Deal is excellent news for local people in Eltham, £151m for the London Enterprise Panel will make a real difference in our area. And because it’s going straight to the LEP, local businesses and local authorities have been able to make sure local people get the biggest possible benefit, with much-needed investment for things like supporting Eltham’s High Street and smaller shopping centres like New Eltham.


‘This will help local businesses create the jobs we need so more hardworking families can have the security of a regular pay packet, and will help ensure our young people have the skills they need to compete in the global race. This is a key part of our long-term economic plan, and will help secure a better and brighter future for people here in Eltham.’


Greg Clark, Minister for Cities, said:


‘This is a landmark day for local economies across Britain. National growth is the sum of local growth, so for Britain to prosper every part of the country needs to fulfil its potential. But no two places are the same and the people who live, work and do business in each place know best what their area needs to do well. That’s why we’re backing local leaders in Eltham to create jobs and prosperity in their own area’