Since the inception of CWLEP in 2011 more than £450 million of funds have been managed to contribute to projects which further the Strategic Economic Plan for the region.  

The total funds are made up of:

  • Over £232.2 million in grant funding from the UK Government and the European Union
  • £138 million in public sector funding
  • £84.1 million in private sector funding

The UK Government and European funding programmes which have contributed to the development of the Coventry & Warwickshire region are:

 

Growth Deal Total Fund

CWLEP has secured £154.7 millionin Growth Deal funding to support economic growth for Coventry & Warwickshire

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Government funding

£89 million

Public Sector funding

£37.1 million

Private sector funding

£28.6 million

European Regional Development Fund

Delivering £115 million for research and innovation, ICT, SME competitiveness and the low carbon economy.

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EU Funding

£55 million

Public Sector Funding

£50 million

Private Sector Funding

£10 million

Regional Growth Fund

£68.6 million was secured to provide infrastructure needed for private investors to commit to key employment sites in Coventry and Warwickshire.

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Government Funding

£30.9 million

Public Sector Funding

£0

Private Sector Funding

£37.6 million

European Social Fund

£110 million has been secured to increase labour market participation, promote social inclusion, and develop the skills of the potential and existing workforce.

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EU Funding

£55 million

Public Sector Funding

£50 million

Private Sector Funding

£5 million

Rural Growth Network

£6.2 million has been secured to address identified barriers to growth in rural areas.

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Government Funding

£2.4 million

Public Sector Funding

£0.9 million

Private Sector Funding

£2.9 million

Further information on local priorities

 

Private Sector involvement in the Growth Deal is exceptional, driving the programme and being involved in significant detail.

Mike Lane - Carney Lane