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

Wed 27th Sep, 2017

In conversation: Heather Heward, North East LEP Programme Manager: how a recent update to the European Social Fund (ESF) rules will unlock investment across the region.

Read more >

Thu 14th Sep, 2017

We are welcoming Expressions of Interest for the Northern Cultural Regeneration Fund.

Read more >

Thu 20th Jul, 2017

£5 million industrial units development given the green light

Read more >