The LLEP manages this investment fund to provide large scale loans for development projects.
The Growing Places Fund (GPF) is a revolving loan scheme for projects which are currently stalled, or for development proposals which can be accelerated with an injection of GPF loan capital for infrastructure.
The LLEP offers GPF on a revolving basis, subject to the value of previous loan repayments being available, Applications are invited from developers, local authorities and other applicants in Leicester and Leicestershire.
A full prospectus and expression of interest can be found below. (please ignore the closing and deadline dates)
For further information, please contact Andy Rose, LLEP Economic Strategy Manager on 0116 454 2912
Growing Places Fund:
The Government’s £730 million Growing Places Fund loan scheme supports key infrastructure projects designed to unlock wider economic growth, create jobs and build houses.
Across England a large number of regeneration schemes have been stalled or delayed due to instances of prior lack of investment in infrastructure, or land assembly through market or the planning process.
GPF loans are allocated through LEPs to schemes that will accelerate the building of homes, office and commercial development space such as site access/site clearance, broadband and transport infrastructure, utilities, refurbishment of buildings and flood defence barriers.
For more information on GPF, visit the Government’s website.
Information about our scheme’s achievements so far can be viewed in Our Performance.