Out-Law News | 23 Apr 2014 | 2:17 pm |
Harworth Estates said in a statement that it would use the £10.95m funding for infrastructure at the manufacturing park's remaining 68 acres of employment development land and for further phases of new homes across the remaining 160 acres earmarked for housing development with up to 4,000 homes.
The funding is part of a £120m boost for Sheffield Enterprise Zone, including £25m of funding from the government's Local Infrastructure Fund, announced by communities secretary Eric Pickles yesterday. The funding will also be used to provide infrastructure at the Markham Vale industrial redevelopment site.
"This enterprise zone is a great example of how our economic plan is rebalancing the economy and transforming once dormant industrial sites into job creators once again," said Pickles. "Today’s cash injection will help the enterprise zone pull in over three times as much in private sector investment, giving it the essential foundations to grow, create jobs for local people and continue the area’s proud manufacturing tradition."
“This funding is vital in accelerating the transformation of Waverley into Yorkshire’s largest-ever sustainable mixed use development," said Harworth Estates development manager Duncan Armstrong-Payne. "We’re proud of what Waverley has already become and this will make the development to go from strength to strength for the benefit of Rotherham and the wider Sheffield City Region.”