The Dorset Growth Deal, which was signed with local councils and businesses, is expected to lead to the construction of 3,000 new homes and the creation of up to 26,000 new jobs. It is seen as having the potential to generate £650m of public and private investment.
Clegg said: ““Projects chosen by the people of Dorset will improve infrastructure, build thousands of new homes, create thousands of new jobs and provide new training opportunities for young people to enable future prosperity in the region.”
Projects funded by the Growth Deal include road improvements to the A338 Wessex Way and construction of the Mass Extinction Monitoring Observatory (MEMO) on the Isle of Portland. In addition, the government is supportive of the project to develop the Holes Bay site in Poole, which can deliver 1,500 new homes, and will advance funding discussions between the Dorset Local Enterprise Partnership and the Homes & Communities Agency.
The Dorset Growth Deal is part of a long term plan to devolve at least £12bn from central government to local economies.