LEP invites new projects for Local Growth funding

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D2N2 has launched a call for new projects for D2N2’s Local Growth Fund allocation.

The Local Growth Fund is a Government Fund awarded to each LEP area to support economic growth in every region. D2N2 has an allocation of just over £250m which has been invested in projects since 2015 to unlock new jobs, housing and support skills development.

As the fund is coming to the end of the programme, D2N2 is looking to invite potential new projects that are ready to be delivered in the last year of the programme before March 2021 to utilise any remaining funds, that can support the objectives for a stronger, more productive and inclusive region.

The LEP is inviting organisations to put forward their proposals for capital projects that support the economic objectives for the region as set out in the Strategic Economic Plan and emerging Local Industrial Strategy.

This can include projects such as facilities to support innovation, managed or incubation workspace for new and growing businesses, infrastructure to unlock new housing and employment sites including transport, and skills capital to support learners.

Sajeeda Rose, CEO of D2N2 said: “We are looking for projects that are ready to go that will facilitate new jobs and opportunities for local people and businesses and contribute towards the growth of the regional economy.

“These projects will help us to drive forward our shared growth agenda, delivering economic growth and regenerating and revitalising our communities.”

Projects that have previously received Local Growth funding through the LEP include city and town centre regeneration projects, road and rail improvements, flood defences, training facilities, and development sites.