Technology & Innovation

Berkshire: LEP plans to create 33,000 jobs through investment programme

Published by
TBM Team

An ambitious plan to create up to 33,000 new jobs in Berkshire over the next five years has been launched by the region's local enterprise partnership, LEP.

The plan by Thames Valley Berkshire LEP will also lead to 23,485 new homes being built by 2021.

In the two years from 2015 to today, the total number of jobs in the county grew by 16,400 - with information and communication (more commonly called technology and telecoms) creating 7,300 more jobs.

Now the LEP believes it will 'unlock' tens of thousands more jobs through an investment plan that includes an SME 'funding escalator', a Business Growth Hub and support for 'scale-up' businesses. Much of the focus will be on 'enhanced connectivity and digital infrastructure'.

Thames Valley Berkshire says it is the UK's most productive sub-region. The region has already received £17 million under a Local Growth Funds initiative, and a further £7.5m from European Structural & Investment Funds (ESIF).

Among schemes funded by the LEP are a £2.5m investment into Slough's rapid transit programme; £2m invested in Burnham Station in preparation for Crossrail; £2.9m into the development of south Reading mass rapid transit; and £5m into Thames Valley Science Park.

The LEP has also invested in support to upskill people across the region, including for 4,500 young people under its Elevate Berkshire scheme.

TBM Team

Recent Posts

New £3m imaging system to be developed at University of Surrey

The creation of a first-of-its-kind imaging system at the University of Surrey could help the…

15 mins ago

New chair of trustees at Open Sight Hampshire

Open Sight, which provides support across Hampshire to those living with or at risk of…

2 hours ago

Ballards LLP joins global accounting association to expand international offering

Midlands law firm Ballards LLP has joined one of the world’s leading tax, audit and…

3 hours ago

Warwickshire law firm Wright Hassall completes £1.25m fundraise for biotech firm

A Midlands law firm has successfully completed a £1.25 million seed fundraising round on behalf…

3 hours ago

Coventry sustainability showcase the Big Zero Show set for expansion

Businesses seeking to cut their emissions and individuals targeting careers in the low-carbon economy will…

3 hours ago

Business West marks Peru's inclusion into region's international trade scheme

South West business support organisation Business West hosted a celebration at Leigh Court to mark…

3 hours ago