How we award funding
Formal democratic decision-making is through the SELEP 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.
There are three key stages to the award of Local Growth Funds:
- The prioritisation of projects to be included in a SELEP Growth Deal bid
- The Growth Deal allocation by Central Government
- The Award of funding by SELEP Accountability Board
Review our activity and decisions
Securing investment – Growth Deal
In response to the Growth Deal funding opportunity, Local Enterprise Partnerships (LEPs) were required to submit Growth Deal bids to Central Government in a bid document that contained a prioritised list of projects from across the four Federated Areas of SELEP.
Project outline business cases were developed by local partners and promoters to support prioritisation the prioritisation of projects. Funding priorities were determined by the Federated Boards, these projects were then prioritised across SELEP, with support from SELEP’s Independent Technical Evaluator. The final prioritised list of projects included in our Growth Deal submission to Government was then agreed by SELEP Strategic Board.
To date, SELEP has been awarded three Growth Deals securing a total of £590m Local Growth Fund investment.
The prioritisation of Local Growth Fund projects included an assessment of projects based on Her Majesty’s Treasury’s The Green Book: Appraisal and Evaluation in Central Government, and related Central Government departmental guidance.