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News - 20 August 2012

Opportunities for Growing Places Funding for major projects

Earlier in the year the Government delegated Coast to Capital Local Enterprise Partnership (LEP) £23m from the Growing Places Fund (GPF). With already £14m spent, the LEP is seeking more innovative projects to benefit from the fund.

The first projects to be awarded GPF funding were selected following an extensive evaluation process by the Coast to Capital Board, which allocated over £14 million towards them:

  • Airfield Park, Bognor Regis
  • i360, Brighton
  • Caterham Fast Fibre Hubs
  • Malling Brooks, Lewes
  • Ruskin Square, Croydon

Coast to Capital Board is calling both public and private sectors to take this opportunity to consider schemes they may have on their books that are ready to be implement in the short term and will create or unlock job creation.

All potential investments in sites and infrastructure must meet the following essential criteria.

The project must be:

  • Able to contribute to Coast to Capital's strategic goals for employment growth
  • In the Coast to Capital area.
  • Unable to go ahead without the investment from the Growing Places Fund
  • Ready to commence quickly
  • Able to repay with a clear mechanism
  • In need of £250,000 or more (special consideration may be given to broadband projects)
  • Agreed with the local area partnership
  • Environmentally sustainable

For detailed information please download Coast to Capital Fund Criteria for full details.

The Growing Places Fund is designed to be a revolving fund, so the process of receiving and evaluating projects will be an ongoing one. It is the LEP’s ambition to allocate the remaining £9m by the end of 2012.

If you feel you have a project that meets the criteria please complete the pre-qualification questionnaire below and return to Emma Davies at the Coast to Capital LEP.

If you have any questions please or contact Growing Places Manager, Emma Davies, email emma.davies@coast2capital.org.uk.

Click here to download GPF pre-qualification questionnaire


Read related items on:
Funding
Local Enterprise Partnership
Coast to Capital LEP


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