The North East LEP competes nationally to bring funding into the region. We are highly successful at doing this.
Since 2014 the LEP area has benefited from over £760m of investment that is supporting the delivery of the Strategic Economic Plan priorities over the period 2014-2024. This investment is made up of:
The Local Growth Fund
Our £270m Local Growth Fund capital programme forms a key element of a £379m total awarded under the three North East Growth Deals negotiated with Government since July 2014.
Find out more about our Local Growth Fund investments here.
The North East Investment Fund
The North East Investment Fund is a Capital Loan Fund supporting projects that specifically encourage local economic growth and create jobs in our area. The recycling loan fund totals £55m and is a combination of £25m Growing Places funding and £30m Regional Growth Fund.
The 2014-2020 European Structural Investment Funds (ESIF) will inject more than £437m in to the North East. These funds are used to deliver both the European goals smart, sustainable and inclusive growth and support our Economic Plan.