semlep banner 3

Local Growth Fund

semlep banner 2

Local Growth Fund

semlep banner 4

Local Growth Fund

semlep banner 6

Local Growth Fund

semlep banner 5

Local Growth Fund

semlep banner 1

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.

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.

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 2018 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

For details of all 35 projects funded through the Local Growth Fund, click on the investments section below

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. Read more about our Skills Capital Fund latest announcement

If you would like further details then please contact, sign up to our montthly newsletters or follow us on Twitter or LinkedIn.

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

Download our 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.

Read More

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.