semlep banner 3

Growing Places Fund

semlep banner 4

Growing Places Fund

semlep banner 2

Growing Places Fund

semlep banner 5

Growing Places Fund

semlep banner 6

Growing Places Fund

semlep banner 1

Growing Places Fund

Growing Places Fund

In 2012, SEMLEP was allocated £18.7 million to provide loans in response to competitive bids from public and private sector bodies to invest in infrastructure to deliver growth. The funds were provided as a loan to be repaid with interest from the revenue generated by the investment. This fund has largely been committed, although there are some projects that have not  yet drawn down funds or where funding agreements are in the process of being revised to reflect the current circumstances.

With the integration with NEP, SEMLEP has taken responsibility for NEP's GPF allocation of £5.8m of which £5.5m was capital. Around £1m has been repaid and £1.59m is as yet unallocated.

Projects funded by SEMLEP's Growing Places Fund include:

Northampton Waterside Enterprise Zone (£7m)
To fund St Peter's Gateway infrastructure and site development to enable Cosworth's expansion. Read more...

Electric Corby and Corby Borough Council (£200,000)
To construct Zero Energy Bill homes with public charging points for electric vehicles. Read more...

Alledge Brook LLP and Kettering Borough Council (£1.75m)
To bring forward the construction of up to 5,500 new homes in Kettering Green Energy Park. Read more...

Bela Partnerships Ltd (£3.85)
To fund the Corby Northern Orbital road to deliver employment and housing sites in the Rockingham Masterplan. Unfortunately, Bela Partnerships Ltd. is now in administration and SEMLEP is working hard to secure investment in the area to enable the resources that it invested to be returned at some stage.

Velocity Business Support (£720,000)
To provide one-to-one business support and grants to businesses based in the South East Midlands.

Latest News

Latest Tweets

Latest Events

Your login details have been used by another user or machine. Login details can only be used once at any one time so you have therefore automatically been logged out. Please contact your sites administrator if you believe this other user or machine has unauthorised access.