In its first year, ending this April, Yorkshire Forward will have spent about £80M on capital projects ranging from housing and commercial development to coalfield site reclamation and infrastructure provision. Annual spend over the next three years will be similar.
Specific opportunities include:
£20M/y ringfenced on reclaiming 24 derelict coalfield sites. Most need ground decontamination, spoil heap removal and preparation for various end uses.
Up to £42M/y mainly for partnership deals with property developers building retail and business parks. Future opportunities are on hold while Government sorts out funding a row with the EU (see Procurement Routes)
£5M/y for inner city regeneration - market research and feasibility studies leading to regeneration by private sector. Sheffield, Bradford, Barnsley, Hull, York.
£3M/y for rural market town initiative - smaller version of above establishing specific town needs.
Development of Humber ports Hull, Immingham, Grimsby plus strategic Humber trade zone.
Road and rail: No specific remit, but investigations and 'door opening' exercises aimed at improving freight routes from North West to Humber ports.
Airports: Similar investigations aiding search for additional regional airport. Could redevelop RAF Finningley or expand existing airport.