Yorkshire and the Humber region to benefit from £50m

Industry in Yorkshire and the Humber region is set to benefit from more than £50m of government money.

The Regional Growth Fund (RGF) will allocate £26m for 11 projects in the region according to the Deputy Prime Minister and Sheffield MP Nick Clegg.

A further £25m of money will go to the Sheffield City Region Local Enterprise Partnership (LEP) alone.

LEP Chairman James Newman said the bid "brings together dozens of companies with robust plans for growth".

The money for Sheffield will create about 1,500 new private sector jobs by March 2015, the partnership claimed.

Three other LEP projects will also receive government funding - two from the Leeds City Region and the Humber Local enterprise Partnership.

The RGF estimated the £26m will see up to 4,150 jobs created or safeguarded across the region in five years.

Among the 11 projects to receive money, Cementation Skanska Ltd of Doncaster, South Yorkshire, is to redevelop and expand a cementation and fabrication plant.

In East Yorkshire, J H Fenner & Co Ltd, of Hull, will construct a research and development headquarters.

Hydra-Valve Advanced Valve & Pipeline Solutions Ltd, of Flixborough, North Lincolnshire, is to invest in new capital equipment and recruit skilled engineers.

The RGF contains £2.4bn to be distributed across England by 2015. Its aim is to support projects levering private sector investment to create economic growth and sustainable employment.

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