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 £292m over six years, and started with £41.5m of funding in 2015/16. This substantial investment will unlock an additional over £900 million of investment from local public and private sector partners.

COVID-19 Update: During this very difficult time we appreciate that our delivery bodies may face significant challenges regarding their LGF funded projects. We would encourage you to reach out to the LEP Investments team, to discuss these challenges as we are keen to assist and support our partners in whatever way we can. To discuss Press Releases or Marketing materials for LGF projects please contact the Communications team. 

 

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

  • 44,906 jobs
  • 13,226 new homes
  • 963,004 sqm of employment space

 

The Local Growth Fund has allocated funding to over 97 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 Investments page. If you can't find what you are looking for please contact Hannah Gosling our Investments Programme Mananger or Cali Gasson our Investment Programme and Risk 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. 

 

Details for applying for future funding will be made available on the website once further funds become available. Any future calls for growth projects will also be listed here so watch this space.

  

The Accountable Body for our Local Growth Fund is Croydon Council. Please find our LGF programme rolling financial schedule here and in the related resources.

 

 

 

Cali Gasson

Investment Programme and Risk Manager

localgrowthfund@coast2capital.org.uk

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