Since 2015, the Local Growth Fund has invested more than £270m in major capital projects across all seven North East LEP local authority areas. The Local Growth Fund supports the delivery of the North East Strategic Economic Plan, which aims to grow a more productive, inclusive and sustainable North East economy and create 100,000 more and better jobs for the region.
All £270.1m from the Local Growth Fund has now been allocated in the North East LEP region, with all in-progress projects due to reach completion by 2024. Projects supported through the Local Growth Fund help drive innovation, improve support for businesses, support economic inclusion, and either help develop skills infrastructure or enhance strategic transport sites and public transport infrastructure.
To find out more about the Local Growth Fund, visit https://www.northeastlep.co.uk/funding.