East Northamptonshire Enterprise CentreEast Northamptonshire Enterprise Centre

Local Growth Fund

East Northamptonshire Enterprise Centre
Central Bedfordshire CollegeCentral Bedfordshire College

Local Growth Fund

Central Bedfordshire College
Vulcan Works, NorthamptonVulcan Works, Northampton

Local Growth Fund

Vulcan Works, Northampton
Catesby TunnelCatesby Tunnel

Local Growth Fund

Catesby Tunnel
Milton Keynes Academic Hospital Milton Keynes Academic Hospital

Local Growth Fund

Milton Keynes Academic Hospital

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. The Local Growth Fund (LGF) provided investment to projects that benefit the local area and economy in line with the Economic Strategy of the time.

Over 50 projects have been delivered and by April 2022, only £1.69m remains to be spent on 2 projects at the tail of the programme. You can read more about the projects and their progress and impact on the pages on this website.
The SEMLEP Board is responsible for the fund and they ensure that the funds are spent properly. To learn more about how decisions were made and how the money is monitored, please read SEMLEP's Assurance Framework.

Following the Government’s Levelling Up White Paper published in February 2022, future capital growth funds will be delivered through the local authorities rather than Local Enterprise Partnerships so we do not anticipate delivering further capital projects or bidding rounds for funding at this time but will work with our local authority partners to support their application for funds.

Evaluation

In March 2021, South East Midlands Local Enterprise Partnership (SEMLEP) appointed Focus Consultants to undertake a programme level evaluation of the South East Midlands Local Growth Fund programme to articulate the impact of the programme on the South East Midlands area but also to learn the lessons and identify areas of learning for future delivery.

Take a look at the evaluation to read about the economic impact, outcomes, key findings and more. 

Evaluation Summary

Read the full evaluation

SEMLEP's Local Growth Fund Report - Cover.

Investment Key

Take a look at the SEMLEP investment projects in the area.

Local Growth Fund
Getting Building Fund

Projects

The current approved programme of over 60 Local Growth Fund and Getting Building Fund projects are delivered under three themes:

Business: Support productivity
People: Enhancing skills
Places: Building transport schemes and enabling housing and employment infrastructure
View the projects

Case Studies

Luton Hat District

Four Hat Factory buildings are being developed to create a network of creative and digital industry workspaces in the Cultural Quarter, located between Luton Station and Luton Town Centre...

Read more

Luton Hat District

Northampton College Advanced Engineering Centre

This is a state-of-the-art facility at the Northampton College Booth Lane Campus, which supports learners to develop the skills needed for the most up-to-date construction and engineering technologies.

Read more

Northampton Construction Skills Centre

Vulcan Works

Central to the cultural quarter in Northampton Town Centre, the Vulcan Ironworks will transform a largely derelict building into a business and learning space for creative industries.

Read more

Vulcan Works

Catesby Aerodynamic Research Facility

A 1.7 mile long straight and flat former railway tunnel converted to an indoor, fully controllable vehicle testing facility to include wind and simulated weather impact, aerodynamics and emissions.

Read more

Catesby Aerodynamic Research Facility

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