Growth deal extension to boost airport jobs
Wed 15 April 2015, 11:40 am
The South East Local Enterprise Partnership (LEP) has agreed a £19.4 million expansion to its growth deal, which could create up to 500 jobs at Rochester Airport.
The funding could support plans to build a Science Park, which will include more than 160,000sq m of employment space with the potential to accommodate 60 businesses at the airport. The aim is to create an aeronautics and transport technologies SME hub.
It is part of a wider deal for Kent and Medway, which adds to £442 million of funding originally committed by the government to the Local Growth Fund in summer 2014.
The South East LEP growth deal is part of a plan to devolve at least £12 billion from central government to local economies.