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Projects Map

Projects

Live Margate

Categories

Approval Status

 

Fully Approved

Delivery Status

 

Construction In Progress

Expected Repayment Date

 

Spring 2025

A self sustaining cycle of investment and re-investment that will regenerate the housing market in Margate through the redevelopment of existing homes dominated by poor quality, multi occupied, poorly managed private rented homes and replacing it with a quality balanced mixed tenure offer.

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.

SELEP Capital Investment Programme

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. Repayments are now being made by the Round 1 projects which has allowed funding totalling £20.387m to be allocated to a further 13 projects through GPF Rounds 2 and 3.
Funding value: £5m
Total Project cost: £10m
Return to Capital Investment