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Local Growth Fund

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Local Growth Fund

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Local Growth Fund

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Local Growth Fund

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Local Growth Fund

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Local Growth Fund

Local Growth Fund 2019 Bidding Round

On 1 October 2019, SEMLEP launched a new bidding round for capital investment opportunities through the Local Growth Fund.  

This bidding round is seeking projects for immediate delivery by March 2021 and to create a pipeline of new investment-ready projects for future opportunities. 

Successful projects will have to demonstrate value for money and how they meet the objectives set out in the South East Midlands Local Industrial Strategy, published in July 2019.   

Projects will deliver high-value employment opportunities and further strengthen our area’s business strengths, creativity and skills capabilities to compete on a world stage. We are particularly looking for projects that will support the Government’s Grand Challenges on Clean Growth and the Future of Mobility.

Applications for immediate delivery have now closed. Please regularly check the website for updated. 

For projects looking to go into the longer-term project pipeline for future funding opportunities, these applications will need to be submitted using the same form but by 12 noon Monday 6 January 2020.

Previous pipeline projects may refresh their applications and re-submit.  Projects that have previously been funded cannot reapply.  Projects that have previously been rejected can only reapply if their proposals have been reworked.

Advice and Events 

We are planning to hold further sessions for the pipeline schemes in late November early December to assist with business case development and advice. 

  • Monday 25 November, Northampton College, Booth Lane Campus – Book here.
  • Thursday 28 November, Cranfield Innovation Centre - Book here.

For more information please email lgf@semlep.com.

How and when are decisions being made?

All projects for immediate delivery will be appraised by our independent appraisal expert. SEMLEP follow the robust governance standards expected with the investment of public money set out in our Assurance Framework

For further information about the bidding round and the resources that are available please look at the 2019 Bidding Round Tab of our resources hub - access appraisal information and tools relevant to the LGF application process. These documents include further information about assessing market failure and tools to assist in calculating net GVA and learner outcomes. 

Download: 2019 Proforma
Download: LGF 2019 Assessment Framework
Download: The South East Midlands Local Industrial Strategy 

 

 What is the Local Growth Fund?

The Government awarded a total of £265million to the South East Midlands LEP (SEMLEP) area from 2015 to 2021 for capital projects to support growth. 
It is often also referred to as the Growth Deal. The SEMLEP Board is responsible for the funds and they ensure that the funds are spent properly.  To learn more about how decisions are made and how the money is monitored, please read SEMLEP's 2019 Assurance Framework.

The current approved programme of 50 projects are delivered under three themes:

  • Business – supporting productivity
  • People – enhancing skills
  • Place – building transport schemes and enabling housing and employment infrastructure

The Local Growth Fund investment programme aims to deliver over 39,000 homes, 21,000 jobs and 9,000 learners by 2030.

Take a look at the projects in our investment programme section.

Need more information?

If you want to know more about any aspect of the Local Growth Fund, or the projects please contact Judith Barker, Director of Programmes and Governance on judith.barker@semlep.com

For information about individual project appraisals, monitoring and evaluation, go to the Local Growth Fund section in our Resources Hub. Download our Local Growth Fund communications protocol. 

Local Growth Fund Investments

Read about our LGF-funded projects that are working to grow business, people and places in our Investments Programme section.

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