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Local Growth Fund

People talking in a building under construction
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Local Growth Fund

School students having a discussion with their teacher
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Local Growth Fund

A Starship Robot driving down a street
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Local Growth Fund

Northampton College Advanced Engineering Centre
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Local Growth Fund

Northampton Waterside Campus
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Local Growth Fund

East Northamptonshire Enterprise Centre

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.   This has now been extended to March 2022 to take account of the pandemic’s impact on delivery. 

The Local Growth Fund or LGF 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 Assurance Framework.

The current approved programme of over 60 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 40,000 homes, 22,000 jobs and 9,000 learners by 2030.

The most recent funding rounds in 2019 and early 2020 were aimed at delivering the Local Industrial Strategy.

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

Getting Building Fund 

In July 2020, the Prime Minister announced a new infrastructure investment fund – the Getting Building Fund. The South East Midlands LEP area was allocated just over £27million for local projects.  You can find out more about the Getting Building Fund on our website. 

Future Funding

In February 2021 we have no unallocated funding and we are awaiting announcements from Government on future funding. We may hold an Expression of Interest process to capture new project ideas in Spring 2021. Please do watch social media and sign up to our newsletter for more details should they become available. 

HM Government

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.

Read More

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