Local Growth Fund

FINANCE FOR CAPITAL PROJECTS

Growth Deal_2935C_40MM_AW

Our Local Growth Fund capital programme forms a key element of the North East Growth Deal negotiated and agreed with Government in July 2014. It is enabling the North East LEP and its partners to take forward ambitious growth measures to achieve the objectives set out in the Strategic Economic Plan (SEP).

The North East Growth Deal Local Growth Fund totals £270m over six years. This total includes funds awarded under the first three rounds of Local Growth Funding and is supporting major capital projects across the North East LEP area through smart, strategic and focused investment of public and private sector funding.

Our Local Growth Fund funded projects directly support one or more of the following strands of activity:

·         Driving innovation and improving business support

·         Developing skills infrastructure and supporting economic inclusion

·         Creating new strategic economic assets and infrastructure

·         Enhancing strategic transport corridors and public transport infrastructure

Click here for examples of Local Growth Fund projects

Projects forming part of the  approved  Growth Deal are aligned  against the   priority themes  of the SEP and are programmed to be  delivered over the period 2015-21.

From time to time Calls for additional capital projects may be issued.  Any future calls will be published with guidelines on this page.

Future calls for projects will be published here. If you would like further information in the meantime please contact Ben McLaughlin

Other useful documents

Funding News

Thu 6th Apr, 2017

Vision becomes a reality for city business partners

Read more >

Wed 5th Apr, 2017

New £10 million property fund launched in North East

Read more >

Thu 26th Jan, 2017

£9.7m in grant funding available for rural businesses through the Rural Development Programme for England

Read more >