Leeds has been awarded £15.6 million funding over the next three years to help develop enterprise, create new jobs and boost prosperity in the citys most disadvantaged communities.
Announced today (Wednesday 6th December) in the Chancellors budget statement, the funding is part of the £300 million Local Enterprise Growth Initiative (LEGI), which aims to promote enterprise within disadvantaged communities, support the growth of locally owned business and attract investment into deprived areas.
Official statistics show that, despite record levels of growth and prosperity, levels of poverty and unemployment in some parts of Leeds are amongst the highest in the country. Around 46,000 people live in the 3% most deprived areas in the UK and there are only six other local authorities out of 354 with higher levels of deprivation.
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