East Northamptonshire Enterprise Centre East Northamptonshire Enterprise Centre

Local Growth Fund

East Northamptonshire Enterprise Centre
Catesby Tunnel Catesby Tunnel

Local Growth Fund

Catesby Tunnel
Milton Keynes Academic Hospital Milton Keynes Academic Hospital

Local Growth Fund

Milton Keynes Academic Hospital
Central Bedfordshire College Central Bedfordshire College

Local Growth Fund

Central Bedfordshire College
Vulcan Works, Northampton Vulcan Works, Northampton

Local Growth Fund

Vulcan Works, Northampton

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