The Getting Building Fund
In June 2020, the Government announced a £900million investment programme, the Getting Building Fund, for local, ready-to-start infrastructure projects that stimulate jobs and support economic recovery across the country.
The SEMLEP area was allocated £27.3million and was invited to submit project proposals, to be approved by Ministers.
On the 4 August 2020, Ministers endorsed support for 12 projects in the South East Midlands. The 12 projects are due to start construction in December 2020, with grant money to be spent by January 2022.
Project selection
The projects were selected following SEMLEP’s pipeline bidding round held in January 2020. Alongside supporting the areas economic recovery, the selected projects are aligned to the South East Midlands Local Industrial Strategy. The strategy set out the priorities and interventions needed to invest in to realise innovation, further improve connectivity and achieve sustainable growth.
Together, the projects will create nearly 500 new jobs and support more than 2,300 students, aiding in the economic recovery of our area.
Process
SEMLEP will complete the final due diligence on all projects by late October 2020, ready for final funding approval by the SEMLEP Board in the Autumn. The documents related to project funding discussed during SEMLEP meetings can be found in our resource hub.
Keeping up to date
Please contact Judith Barker, Director of Programmes and Governance by emailing judith.barker@semlep.com for more information. To keep up to date with the projects, we'd recommend following the SEMLEP Twitter and LinkedIn accounts, as well as signing up for our newsletter. Once the projects are fully approved, we will set up a page for each project so you can see more details on progress and completion.