Through their Growth Deal each LEP is required to develop an accountability and assurance framework setting out the arrangements and processes through which the Growth Deal and the Local Growth Fund will operate. The West of England Growth Deal Assurance Framework is currently being reviewed to reflect the changes to goverance body arrangements araising from creation of the West of England Combined Authority.
The West of England Strategic Economic Plan
sets out the delivery strategy for local economic growth using significant amount of funding from the Local Growth Fund.
Through the initial and second round of Growth Deals
, the West of England LEP has secured a total of £230.7m from the government's Local Growth Fund that will be invested in the West of England from 2015 - 2021. This funding will be matched by £180m of additional investment from local partners and the private sector, and together will create at least 6,000 jobs.
A further Growth Deal 3 Bid
was submitted in July 2016 for £81m of funding and in February 2017 £52.8m was awarded
The schemes which have been fully approved for funding through the Local Growth Fund are shown on an interactive map.
Please click image below to view the map:
The West of England LEP operates a 'One Front Door' approach to managing funds which is overseen by the Investment Board with scheme approvals granted by the Strategic Leaders Board. The funding programme
includes schemes allocated funding via the Growth Deal, the Economic Development and Revolving Infrastructure Funds.