Yesterday saw the signing of a new City Deal for Brighton, an agreement between local councillors, businesses and central Government to boost Brighton’s startup infrastructure and devolve powers to local authorities. The Deal will provide £170 million in funding, comprising £155 million of private investment, £6.7 million from central Government and £9.8 million from the local public sector.
The deal centres around New England House, home to several Brighton tech firms, and aims to develop the property into “a major centre for creative and digital businesses.” The deal was signed at The Fusebox, the New England House base of Wired Sussex, an organisation which supports local digital businesses.
The City Deal will create a “Digital Exchange” in the heart of the city, which will allow local businesses to pool their buying power to secure cheaper and faster broadband. Areas in neighbouring Shoreham and Newhaven will also benefit from funding to pay for regeneration, new business premises and improved flood defences.
Deputy Prime Minister Nick Clegg said of the deal:
“We’re giving Brighton the freedom, power and tools to be really innovative and design whole new ways of building a stronger economy and fairer society. This City Deal puts power in the hands of local people who know best what skills are needed in the area to give it a real chance of changing the fortunes of thousands of people in and around Brighton.”
Photo by Clive Darra