Details of a massive £5 million fund to boost the future economy of Hambleton has been announced today.
Hambleton District Council will invest the cash into the district as part of its plans to help existing businesses, bring in new companies and reduce unemployment levels.
Leader of the Council Mark Robson, who announced the plans at full council, said the windfall will support the delivery of the authority’s new Economic Strategy – which is currently being developed.
“Eight months ago the council commissioned an economic study of the district to establish what was needed to support the economic future of the area.”
“Hambleton is a great place to live, work and do business in and we want to make sure we have the right support in place to help businesses set up and grow here.
“We are fortunate to already have great companies which are very loyal to the district – but we want to build on their success for the future economy of Hambleton.”
He said the new strategy – which will focus on the next ten years – will look to target current business activity, evolve the market towns and boost rural businesses – and invest in the infrastructure needed to make this happen.
“We are looking at major projects like a new railway bridge for Northallerton, new car park in Bedale and a road bridge for Dalton – as well as the redevelopment of central Northallerton as a result of the closure of the prison and Rural Payments Agency.
“We will be developing a plan not just to promote the district but for each town – Northallerton, Thirsk, Bedale, Easingwold and Stokesley.
“By boosting businesses we will also look to generate more house building and leisure needs.
“This fund is a very exciting development for Hambleton.
“As a business friendly Council we are determined to build strong relationships with our businesses and ensure our market towns and rural areas thrive.”
He said the Federation of Small Businesses and York, North Yorkshire and East Riding Enterprise Partnership supported work on the study.
The District Council will develop its Economic Strategy over the next few months and will consult with businesses and local communities on its key priorities.