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Through Growth Deals, Local Enterprise Partnerships can seek freedoms, flexibilities and influence over resources from Government, and a share of the Local Growth Fund to target their identified growth priorities. This includes putting forward activity led by partners as part of a package bid.

The Local Growth Fund is the Government’s funding pot of at least £2bn a year from 2015/16 to 2020/21.  Most of the funding is allocated through a competitive process.

Our first Growth Deal with Government was announced on 7 July 2014, and extended on 19 January 2015.  It was signed in Grimsby on 18 February 2015.

Government announced a further round of Growth Deals with LEPs at the Budget in March 2016. Our third Growth Deal was announced in Hull on 23 January 2017.

Find out more

You can find out more about our Growth Deal investments on our website.