01/08/12

Coast to Capital LEP looking for projects for Growing Places Fund investment

Central government allocated Coast to Capital in excess of £23 million. To date the Coast to Capital Board has allocated £14 million towards five projects that have a total value in excess of £173m and will potentially provide over 2000 jobs

Coast to Capital is now seeking projects that have been stalled due to the lack of investment to come forward. The Board is calling both public and private sectors to take this opportunity to consider the schemes they may have on their books.

The Coast to Capital Board is looking for projects that will be ready to implement in the short term and will create or unlock job creation.

Tim Wates, Chairman of the Coast to Capital Growing Places Investment Committee said:

"The fund presents a real opportunity for businesses that are looking to develop and grow, but may need some additional finance to invest in infrastructure and/or building projects.

I am sure there are many potential schemes out there that will help Coast to Capital's aim of the creation of long-term high quality sustainable jobs. We, the Board, are very keen to allocate the funds as soon as possible. I would implore any business thinking about their growth plans to look at the criteria on our website to understand if this could help you."

Coast to Capital will manage the Growing Places Fund as a revolving fund, and continue to reinvest the fund to ensure that the Partnership can continue to unlock substantial and catalytic schemes over many years.

Please see http://www.coast2capital.org.uk/growingplaces for more information about the project or email [email protected] for more details.

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