Growth Deal 3 Award
2017 West of England Local Enterprise Partnership Growth Deal Award
Communities Secretary Sajid Javid today announced a government cash boost of £52.8 million for the West of England to help create jobs, support businesses and encourage growth. See detailed factsheet.
The funding will be distributed by the Local Enterprise Partnership which brings together the four local authorities with large and small businesses in order to identify local economic priorities and lead economic growth and job creation within the local area, for the benefit of our communities.
Decisions on which projects will be funded, will be made by the LEP after further evaluation of scheme business cases. Each project is assessed on the benefits it will bring to the area and the potential to stimulate innovation, create jobs, improve educational attainment, unlock homes or improve infrastructure.
Potential projects for funding [see below for full list] include the Institute for Advanced Automotive Propulsion Systems which would see a purpose built facility at Bristol and Science Park for a Global Centre of Excellence delivering transformational research and development for automotive propulsion technologies, developing next generation low carbon vehicles. The collaboration is led by the University of Bath alongside numerous partners including other universities and businesses, such as Ford and Jaguar Land Rover.
The previous £230.7million Growth Deal funding is being matched by £180m of additional investment from local partners and the private sector to create at least 6,000 jobs.
Communities Secretary Sajid Javid said:
“We are putting local people in control and backing them with the powers and resources they need to reach their potential.
“Today we’re investing an extra £52.8 million on top of the £230.7million we’ve already provided to local people -money which will create thousands of jobs, boost business and support growth right across the region.
Stephen Robertson, Chair of the West of England LEP said:
“Through the previous Growth Deals we have already delivered projects including the completed Weston College Future Technology Centre and the University of England Robotics Centre, alongside many other exciting projects coming soon. We continue to focus on transport, innovations and skills, reducing barriers to growth and maximising shared investment opportunities."
“Having outperformed the expectations for job growth and match funding agreed with Government this £53 million Growth Deal 3 funding provides the opportunity to enhance our programme of priorities, enabling us to work with our partners to achieve greater success in terms of increased productivity, jobs and economic growth.”
The West of England is an economic powerhouse which drives other parts of the UK economy. Our local economy is worth over £33 billion a year and the West of England is a net contributor to the national economy, returning £0.6bn per annum to the Treasury. Previous Growth Deal funding has played an important role in attracting further funding and anchoring opportunities in this region.
More patents are registered here than in any other part of the country and we have a high level of business start-up success, with a strong track record in knowledge based businesses, advanced engineering and aerospace.
This £52.8 million Growth Deal 3 funding to the West of England Local Enterprise Partnership is separate from the £900 million Devolution Deal funding coming to the West of England Mayoral Combined Authority.
West of England Growth Deal 3 bid innovation schemes for potential funding include:
Bristol and Bath Science Park Grow on Centre (GO2) - New office and hybrid lab/workshop facility at Bristol & Bath Science Park. Funding for land acquisition, design and build of two storey 55,000sqft office, hybrid workshop/lab and collaboration spaces.
iAero - Aerospace Innovation Hub - Aerospace and advanced engineering Innovation Hub on the Filton airfield development site. Phase 1 of the iAero enterprise leading to the development of a Supply Chain Cluster.
Quantum Innovations Factory - New 3200m2 facility at Bristol and Bath Science Park for collaborative technology development with businesses start-up and co-location space. Funding for land acquisition; constructing and equipping the facility.
SW Food and Drink Innovations Centre Phase 1 development of 5 acres of land at Weston Business Quarter at J21 EA, a Defra Food Enterprise Zone site. for a Business Engagement Centre, small Incubator food-grade business units and Product Proving units.
IAAPS - Institute for Advanced Automotive Propulsion Systems - a purpose built facility at Bristol and Science Park for a Global Centre of Excellence delivering transformational R&D for automotive propulsion technologies, developing next generation low carbon vehicles. Collaboration led by University of Bath with a numerous universities and businesses, including Ford and Jaguar Land Rover.
Nucleate - Nuclear futures Open Innovations and Technology Centre - Bristol University led Technology Centre for a 3500m2 facility housing state-of-the-art nuclear technology laboratories and equipment; an early stage incubator for start-up businesses and open innovation environments for co-location of nuclear primes, SMEs, other nuclear businesses and nuclear regulators.
Skills capital: A programme allocation for FE Skills Capital funding, building on the process and outcomes delivered by the five projects in the initial two rounds: Weston College Future Technology Centre, Weston College Law and Professional Services Academy, City of Bristol College Advanced Engineering Centre Extension, B&NES Construction Skills Centre in Norton Radstock, S&B Automotive Virtual Reality Training in Skills
Pinch Points and Sustainable transport: Economic and wider benefits of targeted investment to reduce congestion and promote sustainable transport focused on Enterprise Zones and Areas for ideas such as:
- New rail station at Portway Park and Ride on the Severn Beach Line
- Weston-super-Mare station environment improvement
- Weston-super-Mare bus interchange
- Improvements for pedestrians and cyclists under the Parkway station bridge (Brierly Furlong Bridge)
- Access to Somer Valley Enterprise Zone
- Investigation of further schemes which could be developed within the programme such as those aimed at reducing the impact of traffic around Yate.
Applying for Funding
When funding is available the ‘funding programme’ pages on the West of England LEP website give details on how to apply.