12 September 2012

Leeds City Region Growing Places Fund: £26 million Loan Fund

Earlier today a conference and exhibition took place at Bradford University to launch Base Leeds City Region. I was unable to attend the event so I have to rely on the event website which states that it would  "promote the City Region as a low carbon location and highlight opportunities arising from initiatives that are under way." I noticed that there had been similar events in London and Glasgow that had involved many of the great and the good of our country. All very worthy stuff.

Looking through the programme the item that caught my eye was an announcement by Neil McLean (Chair of Leeds City Region LEP) of a £26 million fund  for projects that are ready, but have been delayed and now need support to proceed.  This is known as the "Growing Places Fund" and appears to be open to all businesses and organizations of any size based in or looking to invest in the Leeds City Region. The fund will provide loans of between £250,000 and £5 million for capital investment in infrastructure such as expansion of business premises or the development of new road junctions.  Full details of the scheme are set out in the prospectus. Expressions of interest have to be communicated on a form that can be downloaded from the LEP's website by 1 Nov 2012.

There is also an interesting article on the Growing Places Fund and the Base Leeds City event by Ian Briggs on the Business Desk Website ("Growing Places Fund offers development opportunities" 11 Sep 2012).