Growing Places Fund
Cheshire and Warrington LEP has been allocated £12m as part of the Government’s Growing Places Fund, which supports key infrastructure projects designed to unlock wider economic growth and create jobs and houses in England.
The Fund is an important boost for local economies and provides a major opportunity for Local Enterprise Partnerships and Local Authorities to identify and prioritise the infrastructure they need for growth.
The Growing Places Fund has three overarching objectives:
- To generate economic activity in the short-term by addressing immediate infrastructure and site constraints and promote the delivery of jobs and housing
- To allow LEPs to prioritise the infrastructure they need, empowering them to deliver their economic strategies
- To establish sustainable revolving funds so that funding can be reinvented to unlock further development and leverage private investment
The Growing Places Fund will provide up front funding needed to get development underway, and provide the flexibility to recycle funding for other projects as developments are completed.
Contact Rachel Brosnahan for further information.