Local Growth Fund project examples

Investing in local business growth

growth-deal_2935c_40mm_awThe Local Growth Fund (LGF) forms part of the North East LEP’s Growth Deals package. It is funding a range of strategic capital projects over the period 2015 – 2021. Examples of current projects include:

Blyth Education and Community Hub

LGF: £400,000

port-of-blyth-beach-phase-2-opening-720x540The Blyth Education and Community Hub (BEACH) opened at the Port of Blyth in October 2016. The development is dedicated to the provision of education and training opportunities. The development offers Newcastle University students use of state-of-the-art research facilities including the Emerson Cavitation Tunnel Laboratory, while also hosting landmark renewable energy related training courses from Northumberland College – one of the only courses of its type available in the UK. Port of Blyth’s training subsidiary Port Training Services is to develop its offering of NVQs and plant training, while enhancing its delivery of apprenticeships and community engagement through a schools partnership and tie in with the Blyth Tall Ship charity.

TyneMet College – Engineering Centre

LGF: £1m

ignite-image-digi-wall-500x500Tyne Metropolitan College opened their IGNITE Centre for Engineering and Innovation at the end of 2015. The facility helps to attract and train welding professionals through practical training solutions, courses and apprenticeships. The Centre features cutting-edge engineering technologies, along with along with first class teaching in state-of-the workshops – equipped with the latest industry relevant equipment providing high quality qualifications in welding, electrical engineering, hydraulics and machining.

Kibblesworth Village Millennium Community Enterprise Hub

LGF: £41,105

Kibblesworth Village Millennium CentreThis project forms part of the Rural Growth Network LGF programme – which has a total of £6m funding to support rural economies. The Hub is an established community centre converted from a former school. The funding contributed to a variety of business workspaces to support and nurture new and growing businesses within the rural village of Kibblesworth. The units were completed in March 2016 and demand for the new iconic facilities was immediate. Within the first three months of opening all units were fully let.

 

Sunderland Low Carbon Enterprise Zone – Transport and infrastructure project

LGF: £14.75m

Enterprise Zone sites available nowThis is a major multi phased and funded highway investment project aiming to open up access to Enterprise Zone site three. The works involve site investigations, site preparation, utility diversion, new utility supplies and services, and new highways infrastructure. The first phase of works opened up adjacent development land, supporting local business investment such as the Vantec Europe Limited 436,000 sq ft warehouse facility that will lead to the creation of 120 jobs. On full completion,  1.8km of new road and 2km of new cycle ways will serve nearby Enterprise Zones.

Newcastle Laboratory and Life Sciences Incubation Hub

LGF: £8.6m

 

This project will take forward our ambition to develop a life sciences super cluster for the North East in the centre of Newcastle upon Tyne with a commercial laboratory facility for private sector, science-based businesses. 7,500 of laboratory facilities will be located at Science Central, a 24 acre sustainable urban quarter focused on science and innovation; a joint venture between Newcastle City Council and Newcastle University.  The project is planned for completion in September 2018.