Secured a total of
investment for 97 potential Local Growth Fund projects
have been awarded funding by SELEP Accountability Board
Local Growth Fund spend to date
Jobs delivered to date.
Homes delivered to date.
Local Growth Fund (LGF) project completions.
Local Growth Fund
£570m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock In total the SELEP Growth Deal with Government has brought nearly £600m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock.
The deal and brings new responsibilities and flexibilities and is set to attract a further £960 million extra investment into the South East over the five years.
Local Growth Deal 1
In July 2014 the South East Local Enterprise Partnership (SELEP) secured £442.1m from the Government’s Local Growth Fund (Round 1) to support economic growth in the area.
The Growth Deal brings together local, national and private funding, and new freedoms and flexibilities, to focus on four key priority areas identified in SELEP’s Strategic Economic Plan (SEP) helping to renew the physical and intellectual capital of the South East:
- Enhancing transport connectivity
- Increasing business support and productivity
- Raising local skill levels
- Supporting housing and development
Local Growth Deal 2
In January 2015 the South East Local Enterprise Partnership (SELEP) agreed an expansion to its Growth Deal with the Government adding an extra £46.1m to its allocation. This is in addition to the £442.2m of funding committed by the Government on 7 July 2014.
Local Growth Deal 3
In February 2017 Government confirmed an allocation of investment into the South East LEP (SELEP) area of £102.65 million, Round 3 of the Growth Deal Programme. The allocation of Local Growth Fund Round 3 will help deliver projects identified by SELEP Federated Boards as priorities for investment, projects that will help create jobs, support businesses and create new growth opportunities.
Local Growth Fund quarterly delivery updates
Growing Places Fund
GPF loan repayments have started to be made from these initial Round 1 GPF loan investments which has enabled eight projects to be identified for further loan investment. These projects were identified by SELEP Federated Boards as meeting the GPF eligibility criteria aligning with the following five themes:
- Employment and Skills
- Job creation and Enterprise Zones
- Homes, Communities and Culture
- Strategic Connectivity
- SELEP Sector Group Activities including Transport & Strategic Infrastructure, Coastal Communities, Creative, Growth Hub, Housing, Rural, Skills (Further Education and Higher Education) and Tourism.
Re-investment of £9.3m GPF until 2019/20
In November 2017 the SELEP Strategic Board agreed to prioritise the re-investment of £9.3m GPF until 2019/20 in eight new GPF projects. These eight GPF Round 2 projects will now get underway as the funding becomes available through the repayment of existing GPF loans. For all GPF Round 2 projects, final approval of the GPF loan award is required by SELEP Accountability Board following the Independent Technical Evaluator review of the Project Business Case.
Growing Places Fund quarterly delivery updates
View our Capital Investment projects
See a map of our Capital Investment projects. Use the filters to view results:
- By geography – East Sussex, Essex, Southend & Thurrock, Kent & Medway
- By Fund – Local Growth Funds (Rounds 1,2 & 3), Growing Places Fund
- By value – Less than £2m, more than £2m