The Local Growth Fund is government funding awarded to Local Enterprise Partnerships (LEPs) for projects that benefit the local area and economy.

Our Growth Deal with Government will deliver a six year investment programme in infrastructure, flood defences, major transport schemes, international trade and business support in our region.

The deal is worth £240m over six years, and started with £41.5m of funding in 2015/16. This substantial investment will unlock an additional £390m of investment from local public and private sector partners.

Overall the Coast To Capital Growth Deal will deliver up to:-

  • 21,000 jobs
  • 9,000 new homes
  • 380,000 sqm of employment space

 

The Local Growth Fund has allocated funding to over 50 projects across the Coast to Capital area. A summary of these projects and a link to those which have business cases can be found by visiting the 'Projects Zone'. For a list of the projects please click here. If you can't find what you are looking for please contact Hayley Shepherd our Growth Deal Manager.

 

If a project is awarded funding from Government, it will then have to complete an outline business case which will be appraised and a final decision made by our Investment Committee. If approved, projects will then sign a funding agreement and start delivering. The Outline Business Case template and supporting excel spreadsheet can be downloaded from the 'Related Resources' section on the right-hand side menu.

 

Coast to Capital is also pending an announcement from Government on the third round of Local Growth deal which will increase the number of projects and therefore the number of jobs, homes and employment space to be delivered.

 

Any future calls for growth projects will be listed here so watch this space.

 

The Accountable Body for our Local Growth Fund is West Sussex County Council.

 

 

Visit our growth hub

Business Navigator Growth Hub
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01403 333840

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