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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 2019/2020 Bidding Round

On 1 October 2019, SEMLEP launched a new bidding round for capital investment opportunities through the Local Growth Fund.  

This bidding round was seeking projects for immediate delivery by March 2021 and to create a pipeline of new investment-ready projects for future opportunities. 

Successful projects had to demonstrate value for money and how they meet the objectives set out in the South East Midlands Local Industrial Strategy, published in July 2019.   

Projects will deliver high-value employment opportunities and further strengthen our area’s business strengths, creativity and skills capabilities to compete on a world stage. We are particularly looking for projects that will support the Government’s Grand Challenges on Clean Growth and the Future of Mobility.

Applications for immediate delivery have now closed. Please regularly check the website for updates. 
Applications for longer-term delivery have now closed. Please regularly check the website for updates. 

Advice

For more information about the bidding round, please email lgf@semlep.com, or visit the resource hub here.

How and when are decisions being made?

All projects for immediate delivery have been appraised by our independent appraisal expert. SEMLEP follow the robust governance standards expected with the investment of public money set out in our Assurance Framework. They have been presented initially to our Board in December 2019 and final decisions will be made in the Spring of 2020 to award funding.

For further information about the bidding round and the resources that are available please look at the 2019 Bidding Round Tab of our resources hub - access appraisal information and tools relevant to the LGF application process. These documents include further information about assessing market failure and tools to assist in calculating net GVA and learner outcomes. 

Download: 2019 Proforma
Download: LGF 2019 Assessment Framework
Download: The South East Midlands Local Industrial Strategy 

 

 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 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 2019 Assurance Framework.

The current approved programme of 49 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 39,000 homes, 21,000 jobs and 9,000 learners by 2030.

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

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.

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