Government departments breakdown Growing Places cash
The government has revealed how it will divide an additional £270m in funding between regional Local Enterprise Partnerships (LEPs).
Greater Manchester will receive some £12 million from the Growing Places Fund; Leeds City Region, £11 million; Hertfordshire £5m; Lancashire, £6 million; while Heart of the South West local enterprise partnership will receive almost £7m. (See the table below for a full list of the allocations).
Communities secretary Eric Pickles said the additional funding would allow LEPs to “unlock sites for infrastructure development that support new homes” and could be used in conjunction with some £150m in Tax Increment Financing (TIF) that councils will be allowed to borrow for projects.
The additional funding comes on top of the original allocations of £460m, and more than half of the new money has come from the Department for Transport.
Transport secretary Justine Greening said: “Transport infrastructure projects are often the key to unlocking jobs and growth potential, where new link roads or junction improvements can be a catalyst for investment in new regeneration sites of homes and businesses that otherwise might not happen.
“Feedback from the first round of our funding is that lots of projects are transport focused which is why I am delighted to provide £150 million from my Department towards the additional £270 million for the Growing Places Fund.”
The Department for Communities and Local Government said further details on a competition for allocating funding for TIF schemes would be announced “in the spring”.
|Local Enterprise Partnership||New Growing Places allocation||Total Growing Places funding|
|North Eastern Local Enterprise Partnership||£ 8,198,503||£25,253,169|
|Sheffield City Region ||£6,027,853||£18,574,935|
|Stoke and Staffordshire ||£3,721,421||£11,462,668|
|Greater Birmingham and Solihull||£7,283,524||£22,494,722|
|Greater Manchester ||£12,099,215||£37,358,032|
|Liverpool City Region ||£6,336,851||£19,529,710|
|Cheshire and Warrington ||£4,257,719||£13,159,667|
|York and North Yorkshire ||£3,043,369||£9,373,951|
|Leeds City Region ||£11,739,899||£36,225,183|
|Leicester and Leicestershire ||£4,343,040||£13,405,370|
|Tees Valley ||£2,788,254||£8,587,013|
|The Marches Enterprise Partnership - Shropshire and Herefordshire ||£2,659,812||£8,190,847|
|Derby, Derbyshire, Nottingham and Nottinghamshire ||£8,538,103||£26,344,104|
|Black Country ||£4,701,565||£14,488,451|
|Coventry and Warwickshire ||£4,144,786||£12,816,184|
|South East Midlands ||£6,070,478||£18,759,514|
|Greater Cambridge & Greater Peterborough ||£5,214,464||£16,118,213|
|New Anglia ||£5,912,036||£18,200,892|
|South East ||£15,983,959||£49,210,053|
|Coast to Capital ||£7,674,599||£23,699,125|
|Enterprise M3 ||£7,021,240|
|Thames Valley Berkshire ||£5,163,226||£16,039,518|
|West of England ||£5,527,958||£17,107,499|
|Swindon and Wiltshire ||£3,040,261||£9,386,900|
|Heart of the South West ||£6,978,179||£21,488,660|
|Cornwall and the Isles of Scilly ||£2,072,352||£6,365,681|
|Pan London ||£69,326,773||£110,761,262|