SEMLEP and NEP join forces to compete for growth
SEMLEP and NEP have joined forces to bid for a slice of the government’s £1.8billion Local Growth Fund, funding which would further boost the South East Midlands economy which includes Northamptonshire.
Government announced a third round of Growth Deals in its March 2016 budget and South East Midlands Local Enterprise Partnership (SEMLEP) and Northamptonshire Enterprise Partnership (NEP) are now working together to ensure local projects are prioritised for funding.
For this third round of Local Growth Deals the government is encouraging ambitious projects which will include investment from business leaders alongside public contribution.
Potential projects must be submitted to SEMLEP using a bespoke Pro Forma by no later than 13th June, 2016.
SEMLEP and NEP are now in the process of procuring consultancy support, through a competitive process, to provide an independent appraisal of project proposals.
In line with the LEP Assurance Framework submitted projects will be appraised and prioritised to form a SEMLEP and NEP programme for the growth deal. LEPs across England have been given until 21st July, 2016 to submit project proposals to government.
Click here to find out more about Local Growth Fund.