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.

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
Area: Coventry & Warwickshire wide

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