I am providing support services to the Oxfordshire LEP on their Growing Places Fund (GPF). The LEP has identified an initial three projects it wishes to support which are all in the Enterprise Zone. In each case it is proposed that GPF will fund infrastructure works which will be repaid through new business rates. Does any one have any experience of structuring arrangements which secure the uplift in business rates to repay a GPF loan (also the related State Aid issues)?
Stephen Pritchard (BBP Regeneration)