SELEP allocates a further £38 million to key South East projects

The South East Local Enterprise Partnership (SELEP) has awarded more than £38 million for a range of projects that will improve essential infrastructure & support economic growth across East Sussex, Essex, Kent, Medway, Southend and Thurrock.

At a meeting of its Accountability Board at the end of February, SELEP made awards to a number of schemes across the region from the Local Growth and Growing Places Funds.

Projects supported

Projects allocated funding at February’s board meeting include:

Significant investment

Christian Brodie, Chairman of SELEP, said: “These latest awards continue the significant investment of funds released from the Growth Deal by SELEP into important projects across the region. The money is going to schemes which are making tangible contributions to the economic regeneration of local communities through the provision of new homes, jobs, and the skills and infrastructure essential to support growth across the LEP region.”

The Accountability Board - democratic decision making

All formal democratic decision making is through the Accountability Board which approves all major funding decisions and monitors and manages SELEP’s capital programme for greatest impact, informed by local area management information.

The joint committee structure of the Accountability Board roots decision-making firmly in the democratic process and enables it to be subject to democratic scrutiny.

The panel of nine is made of representatives of business, local authorities and Further and Higher education representatives.

Growth Deal

Growth Deals are a £12 billion national long-term programme to revitalise local economies.

The Local Growth Fund is the Government’s funding pot of at least £2bn a year from 2015/16 to 2020/21. Most of the funding is allocated through a competitive process, and there are have been three rounds of Local Growth Funds so far. Projects funded will be delivered by 2021.

In total the SELEP Growth Deal with Government has brought almost £590.8m of investment to around 100 projects in East Sussex, Essex, Kent, Medway, Southend and Thurrock.

Over the lifetime of the deal (2015-2021) SELEP aims to deliver 78,000 jobs and 29,000 homes. It is set to attract a further £960 million investment into the South East over the next five years.