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£10m pot to support capital projects launched

The Leicester and Leicestershire Enterprise Partnership (LLEP) has launched a grant scheme to support capital projects across the region.

Councils are working together to pool business rates and the LLEP has been granted up to £10m over the next two years to support projects.

The LLEP is inviting applications to support the feasibility and costs for development of the business case for proposed larger capital projects, small-scale operational activity to drive economic growth within Leicester and Leicestershire and support the costs of capital projects.

The maximum grant amount per project is £100,000 with the Project Development and Project Revenue Funds.

The Capital Fund welcomes projects looking for about £500,000 and will consider larger projects where a clear need is demonstrated.

Nick Pulley, LLEP chairman, said: "The LLEP wants to support ambitious capital projects that contribute to the delivery and aims of our Strategic Economic Plan and fit with local priorities.

"We welcome applications that demonstrate the need for public sector intervention and can show how our support will achieve additionality and add to the economic impact of the project."

The closing date for expressions of interest is Sunday 4 February.


Source: Inside Media

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