Local Growth Fund

D2N2 was successful in securing a Local Growth Fund allocation from Government of more than £190m , to support a large number of schemes throughout its area (Derby, Derbyshire, Nottingham and Nottinghamshire). These projects are now progressing and delivering the infrastructure needed to support economic growth. Below, are examples of projects directed towards improving:

Transport

More than £10million from the D2N2 LEP for pedestrianisation and related streetworks in connection with the £150m transformation of the Nottingham Intu Broadmarsh area, for the ‘southern gateway’ to the city.

  

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

Key business sectors

£6.5million invested by D2N2 in the £30million extension to the BioCity Nottingham site, which opened  spring 2017. It will provide extra space for the growing life sciences sector in the city, and create an estimated 700 jobs over 30 years.
 

BioCity site visit 6 (pic c.o ShawnRyan) 

Skills provision

£3.4m from D2N2 for the Chesterfield Centre for Higher Level Skills. The University of Derby and Chesterfield College-backed scheme provided a new campus, including a college teaching higher vocational skills to mainly adult learners. 

Chesterfield HigherSkillsCentre

D2N2 and the Local Growth Fund


To find out more about existing Local Growth Fund projects in the D2N2 area, click on the image below:

 

D2N2 and the Local Growth Fund - How £192million is being used to boost the Derbyshire and Nottinghamshire Economy Front Cover

D2N2 Growth Deal 3 Funding Bid


To view a copy of the bid made by D2N2 as part of a £426million investment package for the area, click below:


D2N2 GD3 Funding Bid Front Page

D2N2 Local Assurance Framework

This Assurance Framework sets out how D2N2 will continue the process of ensuring value for money, prioritisation, appraisal, business case development and risk management for the Growth Deal programme. It identifies the roles to be taken by D2N2 and its constituent Boards, by the Accountable Body and by the promoters of projects. It also sets out the process to be followed in selecting priorities for further Growth Deals or other funding programmes if appropriate.

A copy of the Local Growth Fund Local Assurance Framework can be downloaded here