
Growing Places
Growing Places was an initiative of the 2010-15 Coalition Government which made money available to Local Enterprise Partnerships for short term economic development activities to unlock jobs and growth.
Category: Advanced Manufacturing & Engineering, Unlocking Growth Potential
Funding: The Department for Communities and Local Government: £12m
CWLEP used its Growing Places allocation for a wide range of successful economic development activities including:
- Direct grant support to strategically important businesses worth £6.6m
- Investment in key infrastructure projects of over £5m
- A loan programme for small businesses worth £1m (including £500k European match)
This resulted in:
- 600 direct jobs created
- 2,600 indirect jobs created
- £65m in private leverage
- £6.7m in public match funding