New £3M training facility planned for Wisbech

New £3M training facility planned for Wisbech

Published by KLFM
5:53am 7th February 2020.

£3million is to be spent on a new training incubator in Wisbech.

It's part of a multi-million pound fund from the Cambridgeshire and Peterborough Combined Authority to help stimulate the economy across Chatteris, March, Whittlesey and Wisbech.

Money

The investment includes a £7.5million commitment to stimulate local business productivity and invest in skills training, as well as £1.3milion for the development of up to 40 new homes.

The Board of the Mayoral Combined Authority agreed funding for key projects at its meeting this week. Cambridgeshire & Peterborough Mayor James Palmer said:

"I'm proud that the Mayoral Combined Authority I lead is reversing the long decades of under investment in our Fenland towns. I'm determined that nobody should be left behind and our Masterplans for Growth are all about ensuring these communities share the economic success we're building across the whole region - and have a real say in how their unique and historic towns evolve to embrace new opportunity." 

Leader of Fenland District Council, Cllr Chris Boden, said the funding was fantastic news for the district and demonstrates confidence in Fenland's economic future:

"I'm delighted our district is set to benefit from millions of pounds of investment," he said. "It will help our businesses to thrive, give our people the skills they need and generate new jobs, while paving the way for attracting further investment.

"It will also enable the construction of quality new homes which might otherwise not have been developed; helping to support Fenland's housing growth objectives."

Cllr Ian Benney, the Council's Portfolio Holder for Economic Growth, added:

"It's great to see the CPCA inject regional growth investment into some of Fenland's key economic projects. It's exciting news for the district as it will provide local people with new skills training opportunities and give firms the support they need to scale up, become more productive and increase their local and global reach."