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Growth Funds

Growth Deals provide capital funding from the Government's Local Growth Fund to local economies via Local Enterprise Partnerships (LEPs). LEPs then invest in local projects which help overcome strategic barriers to growth - from road improvements and incubator space, through to new skills facilities and space for innovation. 

Between 2014 and 2016, the Greater Cambridge Greater Peterborough Local Enterprise Partnership successfully bid for three trances of Local Growth Funding, via 'Growth Deals' with Government (for more information see the key downloads at the bottom of this page). The value of this programme is £146.7 million which must  b e spent between 2015 and 2021. Of this, around £98 million is committed to projects, leaving just under £50 million left to allocate. 

Growth Deal is capital funding only, to be invested as loan or grant in projects or programmes which will have significant impact on growth in the LEP area. 

All funding set out in the prospectus is available across the Greater Cambridge Greater Peterborough area - Cambridgeshire, Peterborough, Rutland, Kings Lynn West Norfolk, St Edmundsbury and Forest Heath (West Suffolk), North Hertfordshire, South Kesteven, South Holland and Uttlesford, Essex. This coverage may change subject to the outcome of Government's review of Local Enterprise Partnerships.

The Business Board, as the new Local Enterprise Partnership for the Greater Cambridge Greater Peterborough area, will receive and consider new applications for funding which will be recommended to the Combined Authority for approval, contracting and monitoring. 

The Local Industrial Strategy has been produced following the publication of the Cambridgeshire and Peterborough Independent Economic Review, which is publicly available here

The Business Board is working alongside the Combined Authority to implement the recommendations of the Independent Economic Review, and the Combined Authority priorities are captured within the Business Plan 2019-29 which is available below. 

How to Apply: 

All programmes except the Call for Major Projects will open for new applications from 22nd July 2019.

If you would like an informal discussion prior to completing an Expression of Interest (EoI) contact the New Projects Officer, Louisa Simpson. Email:  louisa.simpson@cambridgeshirepeterborough-ca.gov.uk

Potential applicants to programmes within this Prospectus should email GrowthFunds@cambridgeshirepeterborough-ca.gov.uk or call 01480 277180 in the first instance. Your enquiry will be forwarded to the appropriate team to guide you through the application process.

If you are interested in applying directly to the Eastern Agri-Tech Growth Initiative, please contact the Agri-Tech Sector Specialist, Martin Lutman.  Email: martin.lutman@cambridgeshirepeterborough-ca.gov.uk or call 01480 277180.

The Growth Investment Prospectus can be found here.

The Full Application Form can be found here.

Guidance for applicants can be found here.

The Expression of Interest form can be found here.

The sample Project Plan can be found here.

The Project Risk Log can be found here.

The Project Cashflow Spreadsheet can be found here.

The CPCA Service Agreement can be found here

 

Key Downloads: 

Local Industrial Strategy (2019)
Business Plan (2019/20)
Cambridgeshire & Peterborough Independent Economic Review (2018)
Growth Deal Round Three Bid (2016)
Growth Deal Round Two Bid (2015)
Strategic Economic Plan (2014)
Strategic Economic Plan, Delivery Plan (2014)

 

 

 

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