Growing Places Fund

Government funding allows the D2N2 LEP's Growing Places Fund (GPF) to invest in kick-starting ‘stalled’ developments, bringing business growth and creating jobs.

GPF loan funding helps businesses by providing rapid capital investment in local infrastructure and tackling site constraints.

GPF is a sustainable fund. Over time the cash is paid back, so that it can help further companies invest in economic growth.

D2N2 LEP has previously run three GPF funding rounds (in 20122013 and early 2016), which have led to the approval of 13 loans worth a total of over £16million.

Major capital projects which benefited included the MediCity site in Nottingham (below left) and Derby’s Castleward housing and commercial development (below right).

 Enterprise Zone-Medicity                                                                                  P8-9 - Castleward - first completed properties on new boulevard (Pic courtesy Compendium Living)

 Growing Places Fund Round 4 - Summer 2016 launch

Loans to individual companies or organisations are now being offered of between £250,000 and £2million to finance capital (building and infrastructure) investment, resulting in business growth and job creation.

Funded projects must be located within D2N2 LEP’s area, covered by the administrative boundaries of Derby City, Derbyshire County, Nottingham City and Nottinghamshire County local authorities.

Funding is limited and preference will be given to projects which deliver on the LEP’s strategic priorities and key areas of economic focus. More information on these is available on the D2N2 LEP website at www.d2n2lep.org and in its Strategic Economic Plan.

GPF applicants will need to return their Expression of Interest form (copy below) to Kamala Atwal at email: kamala.atwal@nottinghamcity.gov.uk.

There is no cut off date by which applications must be received, at this time, though applicants are encouraged to submit applications as soon as possible.

Why not sign up to D2N2's e-alerts to be the first to hear updates on approved applications. 

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