Deadline for project applications 13 June 2016
Government announced a third round of Growth Deals in its March 2016 budget with a further £1.8billion of Local Growth Fund available for LEPs across the country to bid into.
NEP has joined forces with South East Midlands Local Enterprise Partnership (SEMLEP) to bid for a slice of the funding which would further boost the South East Midlands economy which includes Northamptonshire.
For this round of Local Growth Deals the government is encouraging ambitious projects which will include investment from business leaders alongside public contribution. NEP and SEMLEP will be seeking transport, infrastructure and skills projects to put forward to government; projects that are both ambitious and innovative and which will help increase growth and create new jobs and homes across the area.
LEPs across England have been given until 21 July 2016 to submit a programme of project proposals to government, therefore we are now encouraging applications to come forward. Potential projects must be submitted to SEMLEP using a bespoke pro-forma by no later than 13 June 2016.
In line with the LEP Assurance Framework submitted projects will be appraised and prioritised to form a joint SEMLEP and NEP programme for the growth deal. Consultants, Ekosgen, has been appointed to provide an independent appraisal of project proposals and support the development of a strong bid to Government.
Ekosgen will also be offering guidance to potential applicants prior to the deadline covering the following areas:
- The pro-forma assessment and prioritisation process and requirements of the pro-forma
- Strategic alignment of the proposals with LGF Round 3 and NEP/SEMLEP priorities
- Options for assessing net economic impacts and wider impacts
- The Value for Money Assessment
- Demonstrating project management and deliverability and a consideration of delivery risks
If you would like to take up this offer, contact Daniel Lindsay with a brief overview of your project proposal and details of the issues that you would like to discuss.
The country’s 39 LEPs have shared £7.3 billion from the government’s growth fund deals since 2015.
Across both Growth Deals, NEP has been allocated £63.5 million to support infrastructure across Northamptonshire. Currently, 11 projects are being supported, enabling much needed improved access on the main arterial roads within Northamptonshire, improved educational facilities and leading to the creation of jobs and new homes.