The Local Growth Fund is the Government’s funding pot of at least £2bn a year from 2015/16 to 2020/21. Most of the funding is allocated through a competitive process.
By 2021 Government will have invested over £12bn through the Local Growth Fund allowing LEPs to use their local knowledge to get all areas of the country firing on all cylinders.
To date the Liverpool City Region has secured £336m of Growth Deal funding from Government.
The first Growth Deal with Government was announced on 7 July 2014. It was signed in Liverpool on 5th November 2014.
Government announced a further round of Growth Deals at the Budget in March 2016. The third Growth Deal was announced on 23 January 2017.
To look at the progress report we submit to Government on Local Growth Funds click for:
Management and allocation of Local Growth Funds adhere to a joint National Assurance Framework between the Liverpool City Region LEP and Liverpool City Region Combined Authority as set by Government to ensure accountability and transparency for public funds. For Local Growth Funds allocated funds prior to the inception of SIF the Assurance Framework dated April 2016 was used.
Local Growth Fund 3 is managed by the Combined Authority through the Single Investment Fund (SIF)
To look at the progress report we submit to Government on Local Growth Funds click here