This page summarises how the LEP makes funding decisions on Growth Deal and similar types of project. The process is set out in more detail in the LEP’s Assurance Framework, and is in line with Government best practice.

We use a shorter, simpler process when making decisions about business grants and loans.

Projects go through three stages on their way to receiving a final investment decision by the LEP:

At each stage the project’s submission will be reviewed and a decision will be made through the LEP structure. In the later stages, we use independent expert assessment to provide additional assurance that the project meets all of the LEP’s requirements.

The diagram below summarises the process: