Member Article

Humber LEP negotiates with government for share of £2 billion growth fund

Negotiations will soon begin between the Humber LEP and the Government on the Humber’s Growth Deal proposals to get its share of the £2bn Local Growth Fund for 2015/16.

The LEP’s Strategic Economic Plan (SEP), which aims to “maximise the potential economic activity” surrounding the Humber Estuary, was submitted to Government last week.

The SEP is accompanied by the LEP’s first investment and delivery plan which requests funding from Government to support projects and programmes put forward by organisations and local authorities in the Humber region that could further the area’s economic growth.

The LEP will be competing against 38 other LEPs for the funding. This is on top of over £4bn of planned investments that the LEP has identified as coming into the Humber over the next six years.

The strategy also looks to continue to develop our strengths in other key sectors - ports and logistics, chemicals, engineering, food, visitor economy, and digital - supporting our businesses to grow and helping our residents to access the opportunities they need to lead prosperous and rewarding lives.

This was posted in Bdaily's Members' News section by Clare Burnett .