Cheshire and Warrington Local Enterprise Partnership – the LEP – has been provisionally awarded £8.751m by the Government under its new Growing Places Fund. The £500m national fund has been set up to kick-start developments that are currently stalled by delivering key infrastructure and so helping to create new, sustainable jobs.
LEPs will take a lead role in managing the funds. Local areas will be able to determine their infrastructure priorities and allocate the funding accordingly.
Christine Gaskell, Chair of the Cheshire and Warrington LEP is enthusiastic about the new fund: “I am absolutely delighted with the award the Government has made to Cheshire and Warrington. We already know the schemes which could benefit from this funding, but we also know we can’t fund them all.
We will introduce a rigorous appraisal process to make sure that we generate the maximum economic impact for this programme and deliver the best value for money for tax payers. The LEP will only back those projects with the best chance of success”.
Councillor Mike Jones, Leader of Cheshire West and Chester Council and speaking on behalf of the three local authorities added: “It is very encouraging that the Government has allocated this funding to LEPs, demonstrating their confidence in LEPs to prioritise projects for creating prosperity.
“It shows that the Government trusts the new LEPs to make important investment decisions to help generate new jobs and prosperity for the people of Cheshire and Warrington”.
Prior to the Government transferring the money it will want reassurance that the appropriate financial governance and appraisal methodology are in place.
For further details and information please contact, Aidan Manley, Managing Director, Cheshire and Warrington Enterprise Commission Tel: 01606 734181.
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