LEP issues Growth Deal call

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The Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) has issued an appeal for projects that could benefit from the Government’s next round of Growth Deal funding.

The LEP and Cornwall Council have already secured more than £60 million of investment from two previous Growth Deals that will attract a further £150 million of private investment, creating some 4,000 jobs and helping to deliver around 6,000 new homes by 2021.

The Government is expected to announce a third round of Growth Deal funding before the end of the year, and the LEP wants to make sure it has a pipeline of potential projects to put forward for bids.

The money comes from the Government’s Single Local Growth Fund, which is designed to give regions the power and money to unlock local growth and development.

Speaking today (Sept 29) at Cornwall Expo 2015 at Newquay Cornwall Airport, LEP chief executive, Sandra Rothwell, said: “We’ve been very successful in previous rounds and this is a competitive process with other regions so we are issuing a call for projects that could benefit from Growth Deal funding, or other potential funding opportunities.

“We still don’t know how much money will be available and we can’t guarantee that projects will be funded, but we want to be ready.

“We welcome expressions of interest from any public, private or third sector organisation that has a project with the potential to deliver high quality economic growth in Cornwall and the Isles of Scilly. This is for capital and revenue projects with a minimum grant funding request of £100k.”

To submit an expression of interest applicants will need to fill out an expression of interest form for their project. For full details, visit the LEP website. The closing date for expressions of interest is November 6.