60m Growth Deal funding to boost local economy 

Major regeneration and infrastructure projects to create jobs, home and business space across the Coast to Capital LEP area are set to benefit from an additional £60m of government funding from its Growth Deal 3. 

Tim Wates, Chair of Coast to Capital LEP, said:  “This is extremely good news for the Coast to Capital area. This boost is a clear indication from the government that it recognises the need to continue to invest in the regeneration and infrastructure of the region to enable it to continue to proper and remain a major contributor to the UK economy (£48.6bn GVA). With this substantial backing we are now able to focus on supporting projects within our key strategic priorities of housing, infrastructure and skills.” Read more here.

The next rounds of European Agricultural Fund for Rural Development (EAFRD) calls have been launched on 26 January and these will remain open for a year with mid-point reviews.

John Peel, Chair of the ESIF committee said ‘the rural economy is a significant contributor to Coast 2 Capital’s prosperity with over a fifth of our businesses in rural location.  We are delighted this fund will help to create more jobs in rural area’. Read more here.