semlep banner 2

News & Events

semlep banner 5

News & Events

semlep banner 1

News & Events

semlep banner 4

News & Events

semlep banner 3

News & Events

semlep banner 6

News & Events

£14.8million funding for 5 projects given the go-ahead from SEMLEP Board

20 July 2017

Following the Government’s announcement awarding £59million Local Growth Fund (LGF) to the South East Midlands in March, SEMLEP has now completed due diligence on the first of the proposed projects.

Today, the SEMLEP Board has agreed funding commitments for 5 new projects including:

  1. Leyland Trading Estate in Wellingborough, which will receive £1.26M towards a £4.4M project to develop SME industrial workspaces, creating 99 jobs
  2. Catesby Aerodynamic Research Facility in Daventry, which will receive £4.2M to create an enclosed test track using a former rail tunnel. This site will also house a 4.5 acre science park and will create over 50 jobs
  3. Luton Cultural Quarter Creative Cluster, with £3.96M from LGF to develop 2600 m2 of new creative business spaces, creating 133 direct jobs
  4. MAHLE Powertrain’s Real Driving Emissions Centre in Northampton, is allocated £2.1M to build a new and unique Research and Development vehicle test chamber
  5. Millbrook’s Wet Grip project will receive £3.3M to construct and install a test facility for the development, validation and certification of automotive tyres in respect of their wet handling and braking behaviour.

These 5 projects join a portfolio of Local Growth Fund investments, amounting to a total of £265million over three funding rounds.

Dr Ann Limb CBE DL, Chair of SEMLEP said:

“The South East Midlands is a key strategic growth area, at the heart of the Cambridge Milton Keynes Oxford Growth Corridor and crucial to the success of the UK economy.

"Investing in these five new projects demonstrates our commitment to working with our partners across our key sectors, which include High-Performance Technology and the Creative and Cultural industries, to deliver economic growth. This investment underpins our commitment to developing and commercialising new technologies in sectors identified in the Government’s Industrial Strategy as key to delivering future growth for this country.  

"We are pleased to support projects across the whole of the South East Midlands and will be continuing the due diligence on the rest of the programme to enable delivery by 2021.”

All funding agreements are subject to final clarification of the state aid position. 

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.