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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

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.

What projects are funded?

The current combined programme of 35 projects come 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 40,000 jobs and 30,000 homes by 2030 as well as thousands of learners.

Skills Capital Fund

SEMLEP has allocated £11M of the Local Growth Fund to deliver skills outcomes to support employment and economic growth.  Further Education Colleges based in the SEMLEP area were invited to submit project proposals by 17 November 2017. Bids were independently appraised and a report went to full SEMLEP Board with recommendations in February 2018. 7 bids were received and 6 matched the criteria for further consideration. The next phase will be to undertake due diligence on the three projects selected for further consideration and this will be reported to the Board in the Autumn 2018. If you would like further details then please contact

We will keep people up-to-date with progress on all Local Growth Fund projects via Twitter, LinkedIn and in our monthly newsletters.

Who manages the money?

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 the money is monitored, please read the 2017 Assurance Framework.

Where is the money spent?

By the end of March 2017, £89m had been spent. In 2017 the following projects were completed:

  • Central Bedfordshire College Leighton Buzzard campus opened offering engineering skills from Chartmoor Road
  • Bletchley station improvements completed offering improved access and public realm
  • Daventry Campus opened offering a full curriculum from their new facility
  • Woodside link opened joining with the  new A5 M1 link and J11A
  • The first phase of the Millbrook HGV innovation space opened and is fully occupied by a range of automotive tenants
  • Control tower opened at MUEAVI project at Cranfield University supporting autonomous vehicle testing

Need more information?

If you want to know more about any aspect of the Local Growth Fund, or the projects please contact Judith Barker on

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

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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