£950m for jobs in Hampshire

Deputy Prime Minister Nick Clegg and Minister for Cities Greg Clark will sign a City Deal with local authorities and business groups today that will see thousands of new jobs created in Southampton and Portsmouth.

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Benefits of city deal

Solent Local Enterprise Partnership, which has been involved in creating the Southampton and Portsmouth City deal, has estimated it will deliver a number of benefits over its lifetime.

The partnership said the deal would deliver the following:

  • more than 4,700 permanent new jobs particularly focused in marine, maritime and advanced manufacturing sectors
  • more than 13,000 construction jobs
  • 107,000 sq m of new employment floor space unlocked, with a focus on supporting growth in the marine, maritime and advanced manufacturing sectors

The partnership estimates the deal will also provide £115m of local and national public sector investment and bring in more than £838m of private sector investment into the area. This would be through site development, skills and unemployment schemes, and business support services.

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