City Deal: Plymouth and the South West Peninsula
The City Deal for Plymouth and the South West Peninsula is part of the second wave of City Deals to get the go-ahead from government.
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The City Deal will reinvigorate the region’s marine and advanced manufacturing sectors, creating over 9,000 jobs. It will also tackle deep-rooted unemployment, by providing intensive support to over 1,500 young people helping them back into employment, and support small businesses so that the region’s economy is open for business.
In total, £34 million of local and national public sector investment will be provided. This will lever in £262 million of private sector investment over the long term.