LEPs were asked by Government to develop Strategic Economic Plans (SEPs) for their areas, prioritising actions and interventions to support local growth. These strategies were then used to negotiate Local Growth Deals, through which the Government is devolving significant funds to LEPs to deliver projects to benefit the local economy.
Our first deal has seen major business, transport and skills development projects getting off the ground, with the potential to create up to 5,000 jobs. Examples include Lichfield and Meaford employment sites, where infrastructure works have been completed.
The Advanced Manufacturing and Engineering Skills Hub is up and running, with specialist training provision being delivered in Stoke-on-Trent, Stafford, Penkridge, Newcastle-under-Lyme and Tamworth.
Our round two Growth Deal focuses on town and city centre development, with major improvements to Stoke-on-Trent city centre access, alongside programmes to enhance the appeal of our attractive town centres, encouraging footfall and growing business opportunities.
Our round three Growth Deal includes funding for the Stafford western access route, easing congestion and opening up development sites, the first phase of the the City East link road and new funding for sustainable transport and skills capital equipment.
Securing funding through Local Growth Deals will be an ongoing process for our LEP, delivering the projects we have committed to while developing future schemes.
Details of the Growth Deal with Stoke-on-Trent and Staffordshire LEP, which will help to fund local projects in the region:
It should be noted that there have been some changes to the original programme, as detailed above, due to some schemes not progressing and funding being reallocated to new schemes. The list of LGF schemes shown on our Major Projects page is the current list.
All Local Growth Deal funding has now been spent. The deadline for spending the grant was March 2021. Some of the LGF schemes are still active as, although they have spent all LGF grant allocations, the schemes are still being funded by further public or private match funding.