Investing the Local Growth Fund in Greater Birmingham & Solihull
The Greater Birmingham & Solihull Local Enterprise Partnership has agreed three Growth Deals with government, levering in £433m of Local Growth Fund for the GBSLEP Growth Programme – a pipeline of capital investments across Greater Birmingham & Solihull that generate jobs, improve transport links, create houses and upskill our people.
The Growth Programme directly supports the LEP’s overall ambition for Greater Birmingham to be recognised as a global city region by 2030 – which you can read more about in our Strategic Economic Plan 2016-30. Projects are approved onto the programme based on how strongly it support our strategy, its suitability for LEP funding, value for money, and its deliverability. Further details on this process and criteria for assessment are included within our Assurance Framework that can be found here.
The current programme of projects can be found here. You will find information on all our projects currently in delivery, as well as those that have successfully completed, or are being developed in our pipeline for future delivery. This information will cover the types of projects we help to fund and what benefits they will deliver to the area, how much they cost and how much funding we contribute to them. Updates on the programme as a whole and on individual projects are reported to the Programme Delivery Board – reports from these meetings can be found here.
The LEP Board is empowered and given democratic accountability by the Supervisory Board which, as a Joint Committee of the nine local authorities of GBSLEP, ratifies decisions taken regarding the expenditure of Local Growth Funds. The agendas, papers and minutes of the Supervisory Board – including records of project approvals – can be found here.
Further information regarding government’s Growth Deals programme can be found here.
The government is committed to making the Midlands an Engine for Growth in the UK, increasing economic growth and improving the quality of life for everyone. The Midlands is home to over 10 million people and over 780,000 businesses. Its economy is worth £217.7 billion.