Harlow West Essex
- Capital Investment - Growing Places Fund
GPF project delivered
Project Completion Date
The GPF funding was awarded in order to bring forward infrastructure works across the two sites within the Harlow Enterprise Zone. Completion of these works would unlock both sites within the Enterprise Zone for development.
The project was split into two separate elements. The first element focused on supporting the construction of a new access road to the London Road site. This access road has been constructed and is now in use. The construction of the road has been successful in unlocking the site for development.
The second element of the project focused on the construction of a new access road into the Templefields site and associated junction improvements. The lack of access to the Templefields site from Cambridge Road is considered to be the principal barrier to the long-term development of the site.
The project was considered by Accountability Board on 15th February 2019 and the decision was made to remove the second element of the project from the GPF programme.
To date, no work has been undertaken to progress the second element of the project and it has now been confirmed by Essex County Council that they will not be progressing with the construction of the new access road into the Templefields site. As a result, the decision was taken to remove the second element from the scope of the project. The first element of the project has been delivered and the GPF funding repaid in full.
The GPF funding allocated to the second element of the project will be reallocated to an alternative GPF project, in order to continue to deliver economic growth across the SELEP area.
Capital Programme delivery update
Take a look at our update on the delivery of the Local Growth Fund (LGF) and Growing Places Fund (GPF) capital programmes.
Growing Places Fund
The Growing Places Fund (GPF) was established by the Ministry for Housing, Communities and Local Government (formerly the Department for Communities and Local Government) and the Department for Transport (DfT) in 2011. The aim of this funding is to unlock economic growth, create jobs and ‘kick-start’ house building at stalled development sites.
The GPF was made available to SELEP for investment as a recyclable loan scheme. Loan repayment schedules for each project are agreed within the credit agreement which is put in place at the start of the project. Repayments against these projects are returned to the central pot for reallocation to new projects.
Through the GPF Round 1 awards, a total of £47.459m GPF was awarded to 13 capital infrastructure projects across the South East LEP area. Initial repayments are now being made by some of the Round 1 projects which has allowed funding totalling £9.317m to be awarded to a further 8 projects through GPF Round 2.