Funding & Strategy

Reshaping the Economy

2020/21
Respond
- Immediate actions
- Getting the York and North Yorkshire economy moving again
2021/22
Reshape

Our plan to reshape the
economy
- Short term response
- Economic stimulus
- Future foundations
2022/23
Recover and Grow

Our local industrial strategy
- Post COVID-19
- Medium to long term investment
- Economic growth
2025+

Greener, Fairer, Stronger Economy

England’s first carbon negative region.

A carbon negative, circular economy that increases productivity and provides higher paid jobs.

	Total awarded	Total Spend at Programme End (April 2021)
Business Growth	£6.1m	£6.1m
Flood Management	£6.4m	£6.4m
Housing & Employment	£32.7m	£32.7m
Skills capital	£10.4m	£10.4m
Transport and connectivity	£89m	£89m
Local Growth Fund Total	£144.6m	£144.6m

Projects	Total Approved
NY Digital Infrastructure	£3,000,000
Pickering Thornton Road	£880,000
Whitby Business Park	£1,082,000
A19 Chapel Haddlesey	£6,000,000
Askham Bryan Digital Skills Campus	£1,000,000
Scarborough TEC Electric Vehicle Skills	£97,000
York College Electric Vehicle Skills	£150,000
Harrogate West Business Park	£1,500,000
Digital Hub Northallerton eCampus	£678,000
York Guildhall Fit Out	£300,000
Development Costs	£385,000
Total	£15,400,000

	Total Allocated (programme ends 2023)	Total awarded (April 2021)
Research and Innovation	£12,113,498	£11,125,605
Enhancing access to, and use and quality of ICT	£1,158,078	£1,000,000
Enhancing the competitiveness of SMEs	£14,937,792	£14,883,282
Supporting the shift to a low carbon economy	£7,642,283	£6,458,189
Promoting climate change adaptation, risk prevention and management	£5,433,958	£5,223,567
Preserving and protecting the environment and resource efficiency	£3,341,010	£3,132,215
Promoting Social Inclusion and Combatting Poverty and Discrimination	£2,980,919	£2,732,253
European Regional Development Fund Total	£47,607,539	£44,555,111

	Total awarded
Food Processing	£6,898,914
Business Development	£851,648
Tourism Infrastructure	£5,642,252
European Agricultural Fund for Rural Development Total	£13,392,815

	BEIS Target (2020-21)	Actual (2020-21)
Low intensity Basic signposting, digital platform engagements and download materials such as eBooks and website articles on the website.	7,500	20,514
Medium intensity 1 hour telephone diagnostic support.	800	2,069
High intensity 12 hours face to face business support provided by a Business Relationship Manager.	175	320
Total	8,745	22,903