Local Growth Fund

Also referred to as the Growth Deal, The Local Growth Fund allows local enterprise partnerships like D2N2 to invest in projects that benefit the local area and economy.

The Government has awarded a total of £257.5 million to the D2N2 area from 2015 to 2021 for capital projects to support growth. 

The D2N2 Investment Board is responsible for the funds and they ensure that the funds are spent properly.

Below are listed infrastructure and investment projects in the D2N2 LEP area (Derby, Derbyshire, Nottingham and Nottinghamshire) which D2N2 is part-funding, using money secured from the UK Government's Local Growth Fund.

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**Funding was approved by the D2N2 Local Enterprise Partnership's Investment Board (IIB).

D2N2 LEP – Project Pipeline (from July 2019)

Background

In its role to drive a strong vision for economic growth and prosperity for its area, the D2N2 LEP is now seeking new capital projects to inform a Pipeline of future investment propositions, should funding become available. These should support ambitions set out in D2N2’s Vision 2030 Strategic Economic Plan (SEP) and the emerging Local Industrial Strategy (LIS).

Our vision for the region shared by our partners is to continue to grow the economy and in particular address our productivity and inclusion challenges. Therefore, through this Pipeline call for projects we are seeking to address these challenges through co-funded partnership projects.

The ‘calls’ are for new capital projects to deliver either in the:

  • Short term – Able to utilise their bid for Local Growth Fund (LGF) spending by March 2021; and deliver project outputs compatible with the current LGF strategy.
  • OR
  • Medium term – Able to utilise their bid for future funding; and deliver project outputs, between 2021-2025 (against longer term objectives), compatible with the Vision 2030 SEP.

**Further detailed information is below.

For both the short and medium calls applicants are invited to complete an initial Expression of Interest by 5pm on August 16th, 2019.

  • To download the form for the Short Term projects call CLICK HERE.
  • To download the form for the Medium Term projects call CLICK HERE.

 

Forms should be returned to Tom Goshawk, Head of Capital Programmes at the D2N2 LEP, on email: Tom.Goshawk@d2n2lep.org or phone 07528 398 317; from whom further information is also available.

D2N2 will also be holding two open sessions with Thomas Lister the independent scorers, to field any questions on the process and review projects. The sessions will be held on:

  • Tuesday July 23rd (2019), from 11am to 3pm – at East Midlands Chamber, Victoria Way, Derby, DE24 8AN.
  • Wednesday July 31st, from 10am to 2pm – at East Midlands Chamber, Experian Way, Nottingham, NG2 1EP.

To attend either surgery session please contact Tom Goshawk, contact details above, in advance.

Decisions on proposals entering the Pipeline will be made at a meeting of the D2N2 Investment Board, to be held in September 2019. Applicants will be notified of the outcome of their application on or after October 4th (2019).

 

Purpose of the call

Short term proposals - delivery by March 2021

Like all LEPS D2N2 is responsible for delivering the Local Growth Fund, which is worth over £250million in the region, alongside influencing the delivery of the £200m European Structural and Investment Funds.

We are approaching the last two years of the LGF programme and have already invested in many projects across the region; which have supported job creation, support for new learners and unlocked infrastructure to delivery of new homes. To date we have invested in a wide variety of projects, available to view at web link www.d2n2lep.org/http//wwwd2n2leporg/Local-Growth-Fund

The current programme of funding is committed, with projects progressing towards delivery. However, given the complexities of delivering large capital projects there is always a risk that some of these projects may not come through in time to deliver within the lifetime of the current programme, and achieve the associated output targets.

Therefore, we are seeking capital projects to form a reserve list of projects, which are already at an advanced stage of development; including having in (or nearly in) place by September 2019, the following:

  • match funding (no ratios set but match will be taken into account in terms of Value For Money)
  • land ownership if relevant
  • all planning and relevant permissions
  • ability to procure within a short timeframe
  • ability to demonstrate state aid compliance.

Projects need to be able to demonstrate the ability to deliver within the timeframe of the LGF period (March 2021) and against the core LGF outputs of jobs, learners and homes alongside the aspirations of the SEP to deliver productivity led inclusive growth.

**Please note that these projects will ONLY be progressed if funding becomes available.

The range for funding requests is between £250,000- £2million, although projects outside of this range may be considered at the discretion of the D2N2 LEP.

Existing LGF projects will not be considered for additional funding within this call.

 

Medium Term Proposals – delivery between 2021-2025

As we approach the end of the current LGF, ESIF and other funding programmes we know future national funds – such as the UK Shared Prosperity Fund – to support economic growth are still uncertain, given the national position in relation to Brexit and the upcoming Comprehensive Spending Review.

We want the D2N2 area to be in a strong position to take advantage of future funding as soon as they’re available, which is why we are now also launching a call for medium term proposals, to inform future programmes as they emerge.

We are inviting Expressions of Interest for projects that are aligned to supporting the SEP objectives (link to document) and the emerging outcomes from the LIS evidence.

We recognise these projects will be less developed, given that they are for delivery post-2021, therefore we are looking for projects which can demonstrate strong alignment with D2N2 strategies which are outcome focused, in relation to the key challenges and opportunities across our region.

Once projects are shortlisted there may be an opportunity to support some proposals to be developed further, subject to availability of resources.

 

 

D2N2 LGF Project List

 

A46 Corridor, Rushcliffe

Opening of The Cotgrave Hub

The ‘A46 Corridor’ regeneration scheme around Cotgrave, Nottinghamshire, is being delivered in four phases; with the aim of creating an estimated 2,800 jobs, 27 hectares of employment land and 1,600 homes. more >

A52 Wyvern

A52-Wyvern-Works

The A52 Wyvern Transport Improvement Scheme will bring about network management improvements on the A52 Brian Clough Way and in the area around the Wyvern retail park. Advanced work on the scheme started in February 2017 and the main construction works started in October 2017.  It will take about 18 months to complete.

A57/A60 Junction Worksop

Worksop Roundabout Plans

The A57/A60/B6024 Millhouse roundabout is south-west of Worksop and is located between and close to both the M1 motorway and main A1. This £2.4million project will consist of installing traffic signals at key points on the routes, which will improve overall connectivity and provide access to new opportunities for property developers. more >

 

A61 Corridor

 

The ‘A61 corridor’ into and through Chesterfield was among the first of D2N2’s named Growth Deal projects; setting out infrastructure funding priorities to support economic growth, to be funded from 2015/16 onwards. more >

Ada Lovelace House

Ada Lovelace House

Formerly Ashfield Urban Council Offices, and more recently a police station, the building on Urban Road in the North Nottinghamshire town, is a well-known local landmark, named after Lord Byron’s daughter Ada Lovelace. The redevelopment of Ada Lovelace House has created 1,658 sq. ft. of space for start-up businesses and small and medium-sized enterprises (SMEs), after extensive renovation works by local construction company, Robert Woodhead Ltdmore >

Becketwell

Aerial Sketch M19 RSZ

Commercial regeneration of the Becketwell site, in Derby city centre, has been an ambition of Derby City Council for years; and it is a key project in the City Centre Masterplan.

Becketwell, once a busy shopping area, includes Duckworth Square and the former Debenhams department store (which closed more than ten years ago). Previous attempts to develop the site have been unsuccessful. more >

 

BioCity Discovery Building

BioCity's Discovery building, which adds to the original BioCity building on the site, will create around 700 jobs over a 30-year span, whilst safeguarding a further 250. Of the 50,000 square feet of lab and office space available in the Discovery building, 30,000 sq ft has already been reserved for expanding current BioCity tenants Sygnature Discovery; meaning more space will be available in the original building for life sciences start-ups. more >

Bulwell Market

Works worth £300,000 to improve Bulwell Market in Nottingham, helping local traders, were undertaken in early 2017 – with £100,000 of the costs met through D2N2’s LGF allocation. more >

Buxton Crescent

Buxton Cresent

The Grade I-listed Buxton Crescent was built in the Georgian era, between 1779 and 1789, as part of the Fifth Duke of Devonshire’s attempts to enable Buxton to compete with Bath as a health spa for visitors. more >

 

Chesterfield Centre for Higher Level Skills

UoD Chesterfield campus - St Helena refectory

In October 2016 the University of Derby opened its new £6.9million campus in Chesterfield.

Located on the site of the former St Helena Grammar School on Sheffield Road, Chesterfield, the new campus offers students the latest in training and learning and is also a  place for business development. more >

D2N2 Sustainable Transport Programme

Dakeyne Street

A former hosiery factory in Dakeyne Street, Sneinton, Nottingham, has undergone a £360,000 transformation to create high-quality workshops, offices and studio units, and meeting rooms and networking spaces, aimed at creative and digital industries businesses. more >

 

Enterprise Zone Sustainable Transport

Harworth Access Road

 

Harworth & Bircotes is a small conurbation, located about eight miles north of Worksop. Harworth & Bircotes achieved town status in 2010 and is administered locally by Harworth & Bircotes Town Council, as part of the Bassetlaw district. more >

Infinity Park

Infinity Park is a 100 acre commercial and technology park, located just south of Derby city centre. more >

 

Institute for Advanced Manufacturing

Work was completed on the Institute for Advanced Manufacturing building, at the University of Nottingham’s Jubilee Campus, in January 2018. more >

Medicity

 MediCity

A £1.4million investment at a Nottingham and Derby Enterprise Zone site has provided more space for companies working in life sciences, a key D2N2 sector. more >

Newark Southern Link Road

Newark Southern Link Road

The first phase of the £47million Newark Southern Link road project was completed in February 2017. The entire project will be a new four mile long road, linking the A46 (near Farndon) with the A1 (near Fernwood); with roundabout junctions at both ends. more >

 

Nottingham Broadmarsh

Broadmarsh and Southern Gateway plan - Drury Walk 01 - Photo Courtesy Intu Broadmarsh

The redevelopment of the intu Broadmarsh shopping centre and its surrounding area in Nottingham city is part of a wider £250million regeneration of what is termed the ‘southern gateway’ to the city centre. more >

Nottingham City Hub

Central College Nottingham and New College Nottingham officially merged in the summer of 2017, creating ‘Nottingham College’. This new College's flagship building will be one of the largest further education institutions in the UK, serving more than 40,000 students studying a wide range of subjects. more >

Nottingham Cycle City Ambition

d2n2-western-cycle-corridor-castle-boulevard-for-web

In October 2015 D2N2 approved a bid from Nottingham City Council for £6.1million from its Local Growth Fund allocation, to invest in the city’s facilities for cyclists. more >

 

Our City Our River

Our City Our River Darley Abbey Weir

The £95million ‘Our City Our River’ project in Derby has been developed to reduce flood risk through long-term and sustainable economic development, creating a high quality riverside linking the city centre with the river. more >

Seymour Link Road

Markham-Vale-Derbyshire-Opening

The Seymour Link Road, which links the Markham Vale Enterprise Zone with junction 29a of the M1 motorway, has been under construction since early 2016 and is now officially open, helping to ‘unlock’ development land with the potential to create over 1,000 new jobs. more >

Southern Growth Corridor

 

The £9.62million ‘Southern Growth Corridor’ project – now also referred to as the ‘Nottingham Eco-Expressway’ – plans to create a high capacity, high frequency, low carbon (emissions) and sustainable transport bus corridor running east-west through Nottingham. more >

 

Sutton Indoor Market

Idlewells Shopping Centre indoor market - Market St entrance

A £1.8million refurbishment of a popular indoor market has been financed by its landlord, Ashfield District Council and D2N2.

Sutton-in-Ashfield Indoor Market, within the Nottinghamshire town’s Idlewells Shopping Centre, has been updated and improved in a £1.6m project. Works began in early 2017 and were completed in December 2017. more >

Tudor Cross (former Coalite)

 

The former Coalite Chemicals site covers 59 hectares, and is located in both Bolsover and North East Derbyshire district councils’ areas. It was a smokeless fuels manufacturing plant from 1937 till 2004, when it closed down, and the site is now vacant. more >