On the day that the Coalition Government's flagship Enterprise Zone programme hits the 15,500 jobs landmark, Redcar MP Ian Swales praises Lib Dem ministers for delivering a boost to the local economy.
Figures released today show that the Tees Valley Enterprise Zone has created roughly 1020 jobs so far, providing a real boost to the local economy in and knock-on benefits for the community, including improved infrastructure and new business opportunities.
Across the country, the Coalition Government's 24 Enterprise Zones have now created more than 15,500 jobs, attracted over 480 businesses and over £2.1 billion in private investment.
The growth has also provided a real boost to the UK's construction sector and supply chain.
Redcar MP Ian Swales said:
"Thanks to joint efforts by Business Secretary Vince Cable and Lib Dem local government minister Stephen Williams, we have seen a real boost to the local economy in terms of more jobs, more innovation and more power to the local community to do what's best for the area.
“This comes off the back of a whole series of announcements by the Lib Dem Deputy PM Nick Clegg of more money being taken out of Whitehall and put direct into the hands of local business and communities, especially through the Regional Growth Fund."
Lib Dem local government minister Stephen Williams MP said:
“Enterprise Zones like Tees Valley have gone a long way in re-balancing the economy, taking the power out of Whitehall's hands and putting it back into the hands of local communities."
“Just a fortnight ago, Lib Dem Deputy Prime Minister Nick Clegg also announced an extra £13.9m for the Tees Valley Local Enterprise Partnership via his flagship Growth Deals which Government estimates could deliver up to 9,000 new jobs, 5,000 new homes and generate £300m of public and private investment.”