A call for new capital projects within Derby, Derbyshire, Nottingham, and Nottinghamshire has been announced by the D2N2 Local Enterprise Partnership.
The call for new capital projects will create a pipeline of future investment propositions should further funding become available.
Capital projects in the pipeline will support the organisation’s ambitions set out in the emerging Local Industrial Strategy (LIS) and will aid the region’s economic recovery from COVID-19.
Like all Local Enterprise Partnerships, D2N2 is responsible for delivering the Local Growth Fund (LGF) which is worth over £250 million to the region, and the new £44.4m Getting Building Fund (GBF) allocation from Government.
Funding from the Local Growth Fund has already been invested in many projects across the region supporting job creation, new learners, and unlocking infrastructure for the delivery of new homes.
Those projects include the University of Nottingham’s £24m Institute of Advanced Manufacturing facility, the Seymour Link Road within the Markham Vale Enterprise Zone, the Ada Lovelace House development in Kirkby in Ashfield, and the University of Derby’s Higher Level Skills Centre in Chesterfield.
D2N2 Interim Chair David Williams said: “With the recent Getting Building Fund providing £44.4 million pounds worth of investment for ten projects within our area, it’s never been more important for our region to stand ready to attract Government investment whenever the opportunity presents itself.
“I call upon our community to bring forward strong and ambitious projects that will improve life chances for our residents, providing more jobs, more learning opportunities, and more homes.”
D2N2 is inviting applicants to complete an initial expression of interest 5pm on the 11th of September 2020.