Portsmouth progress accelerated for regeneration project that will create thousands of jobs
17 November 2014
The Portsmouth and Southampton City Deal, which will create 3,700 permanent jobs, has been accelerated.
Mon, 17 Nov 2014The Portsmouth and Southampton City Deal, which will create 3,700 permanent jobs, has been accelerated.
Today [17 November] contracts were exchanged for the transfer of Horsea Island East and the Tipner Firing Range from the Ministry of Defence to Portsmouth City Council.
Tipner Firing Range and Horsea Island East are two of the five sites identified by the City Council for the Tipner-Horsea regeneration scheme, which will provide: 2,370 new homes; 58,000 sq m of employment space for the growing marine and advanced manufacturing sectors; and 3,700 permanent jobs.
In total, the City Deal provides more than £950m of public and private sector investment in Portsmouth and Southampton and overall will create more than 17,000 jobs.
In addition, the minister for Portsmouth Matthew Hancock will today open a £4m Maritime Intelligence Centre for research into unmanned autonomous boast, submarines and other vessels.
The government estimates this market to be worth £9bn each year over the next eight years.
Today [17 November] contracts were exchanged for the transfer of Horsea Island East and the Tipner Firing Range from the Ministry of Defence to Portsmouth City Council.
Tipner Firing Range and Horsea Island East are two of the five sites identified by the City Council for the Tipner-Horsea regeneration scheme, which will provide: 2,370 new homes; 58,000 sq m of employment space for the growing marine and advanced manufacturing sectors; and 3,700 permanent jobs.
In total, the City Deal provides more than £950m of public and private sector investment in Portsmouth and Southampton and overall will create more than 17,000 jobs.
In addition, the minister for Portsmouth Matthew Hancock will today open a £4m Maritime Intelligence Centre for research into unmanned autonomous boast, submarines and other vessels.
The government estimates this market to be worth £9bn each year over the next eight years.
